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

  • Prominently located in the City of Montgomery, one of Cincinnati’s most affluent submarkets, location provides a fantastic redevelopment opportunity.
  • The subject property is adjacent to Bethesda North making an attractive medical destination for various networks and small practices.
  • Located on Montgomery Rd with traffic counts of 30,605 VPD providing excellent exposure and immediate access to I-275 and close proximity to I-71.
  • Surrounded by numerous dining, retail and professional services, all within walking distance or a short drive.

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.

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.