Property Description:
There are two parcels, 224-0006-0081-00 with 7.170 acres and 224-0006-0142-00 with 0.082 acres for sale.
In addition, we are debating on also selling 3460 McHenry Ave.
The City of Cincinnati Zoning mentioned this property may be rezoned to RM2.0 which would allow for 1 apartment per 2,000 sq.ft. of land. According to their calculations this land may be allowed to have up to 157 apartments.
In addition these properties appear to be in the “LIFT” Neighborhood with an abatement term of 15 years and $350k for remodeling and $300k for new construction.
For reference, the property next door, 3450 McHenry Ave, has a house and 24 unit apartment building on just 2.187 acres.