Overview
This 12-story, 245-unit hotel at 800 W 8th Street in the heart of Cincinnati offers a rare repositioning opportunity. With strong potential for conversion to an Assisted Living Facility or multifamily community, the property benefits from its prime location, large unit count, and major structural upgrades.
It presents a compelling chance to acquire a centrally located, structurally sound asset with significant value-add potential and long-term upside in Cincinnati’s evolving real estate market.
Investment Highlights
Strategic Location: Situated just west of downtown Cincinnati, the property benefits from proximity to major medical centers, urban amenities, public transit, and employment hubs. The surrounding area is undergoing steady revitalization and redevelopment.
Zoning and Use Feasibility: The building's layout and existing infrastructure make it well-suited for ALF conversion or adaptive reuse into micro-units or traditional multifamily apartments.
Growing Demand for Housing & ALF: Cincinnati has seen increasing demand for both quality rental housing and senior care facilities. The aging population and limited new ALF developments in the urban core create a strong demand driver for this conversion.
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