1637 Hughes St, Cincinnati, OH 45202

Description

A rare opportunity to take over a substantially advanced historic redevelopment in Cincinnati's urban core. Plans reimagine this approximately 8,400 SF historic building as four large townhome-style rental residences with approximately 6,835 SF of proposed finished living space. Significant pre-development work has already been completed, giving the next owner a meaningful head start. The offering includes the adjacent vacant parcel at 209 Schiller Street, planned for gated off-street parking with approximately two spaces per residence. The project is further distinguished by approximately $700,000 in anticipated Federal and Ohio historic tax credits. Current tax-credit structure requires the completed residences to be held as rentals to preserve the credits. An exceptional opportunity with plans, parking and substantial tax-credit potential already in place. Fantastic location near all that downtown has to offer.