10700 Montgomery Rd - Medical FOR SALE


Montgomery, OH 45242
$1,200,000 USD
513-841-7000
10700 Montgomery Rd, Montgomery, OH for Sale
$1,200,000 USD
Medical - FOR SALE
1/25
null | Request Cap Rate

10700 Montgomery Rd
Montgomery, OH 45242


HIGHLIGHTS

  • Online Auction - Sold by Court Appointed Receiver
  • Class A Location - Attractive Redevelopment Opportunity

OVERVIEW

Court Appointed Receiver, Prodigy Properties, is pleased to present the opportunity to acquire 10700 Montgomery Rd, a three-story office building located in the City of Montgomery, OH. This 4.87 acre premier site is immediately off I-275 and in close proximity to the I-275 / 1-71 Interchange. Prominently located in one of Cincinnati's most desirable submarkets, this landmark location provides qualified investors the opportunity to acquire the property at a price substantially below replacement cost providing a compelling opportunity to reposition or redevelop the asset. The 68,200 SF building features both office and medical tenants and is currently 45% occupied with over $30,000 of in-place monthly rents. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders wishing to be approved must submit the following items no later than May 28, 2025: Submit evidence of financial capability Submit $25,000 participation deposit Submit bidder executed Purchase and Sale Agreement Auction Date / Times Auction Starts: Live Now Auction Ends: May 29, 2025 @ 2pm ET Sale Terms A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Subject to court approval Winning bidder must increase the total deposit to $100,000 by 12pm ET, May 29, 2025 Tour Dates Email kurt@prodigyprop.com with questions or to schedule a tour. Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

245

LAND DETAILS

LAND ACRES

4.87 AC

LAND SF

212,137 SF

ZONING

Office

APN/PARCEL ID

603-0020-0019

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.