312 W 4th St., Cincinnati, Ohio 45202

Foreclosure Sale by Court-Appointed Receiver, Prodigy Properties.  Online bidding only.  $400,000.00 is both the opening bid & the published reserve price.  The property will be sold to the highest bidder above that amount.

Redevelopment / investment opportunity located in Cincinnati’s Central Business District, more specifically on the north side of West 4th Street between Plum and Central Avenue.  The subject property is a loft style, four-story building totaling over 11,500 SF.  The building is 100% wet sprinklered, has both elevator & stairwell access to each floor, and has a full, unfinished basement.  The building was originally constructed in 1885.  Updates since then include sprinkler system, interior stairwells, elevator, HVAC, and electric.  The street level space is occupied by a lighting retailer.  Their lease will terminate with the sale; however, they are interested in remaining on with a new owner.  The second floor is vacant and renovated.  The third and fourth floors are in shell condition, with roughed in mechanics and ready for build out.  Nearby amenities and attractions include hotels, restaurants, breweries, banks, professional sports stadiums, casino, convention center, Fountain Square, and more.  Convenient access to I-71, I-75, I-471, and US-50.

TO BE GRANTED BIDDING ACCESS, A PROSPECTIVE BIDDER MUST:

• Wire a $10,000.00 participation deposit to the Receiver’s title company (the participation deposit will be promptly refunded in full after the auction conclusion if the participant is not the high successful bidder.  If the participant is the high successful bidder, the participation deposit will go towards to the 10% earnest money deposit that’s due within 24 hours after the auction conclusion.)
• Submit an executed copy of the Purchase and Sale Agreement, leaving only the purchase price terms blank
• Submit proof of funds deemed acceptable by the Receiver
• Have otherwise met all other reasonable requirements of the Receiver

Property will be sold free and clear of all liens, with property taxes prorated and paid off to the day of closing.  Receiver may, in its sole discretion, accept or reject any bid or offer for any reason, at any time, without notice.  No representations, warranties, or guarantees.  Bidding is scheduled to conclude on 1/6/2022 at 1pm ET.  A 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.  The high successful bidder must wire transfer a 10% deposit of the final purchase price (minus their $10,000.00 participation deposit) by 5pm ET on Friday, January 7, 2022.

Please do not trespass or attempt to disturb the occupants in any way.  Contact Daniel Lane at [email protected] to schedule a walk-through.  Photos are provided for guidance purposes only.  All information provided is believed to be true, but cannot be guaranteed.  It is up to the bidder to verify any / all code violations prior to bidding, to the extent any exist.

DISCLAIMER AND WARNING:  This property is being sold as-is, where-is, without any warranties or representations by the Receiver.  The information contained in any advertisement is for informational purposes only and the Receiver makes no representations or warranties as to their truth or accuracy.  The information was compiled from a variety of sources, including the public record.  However, the Receiver has not independently verified any of the information and potential purchasers rely on it at their own risk.  All potential purchasers are advised to perform their own due diligence.  BY BIDDING ON THIS PROPERTY THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.

Key sale points:

• The opening bid & published reserve price are both $400,000.00.
• Property is sold 100% AS-IS, WHERE-IS, with all faults, to the extent any exist.
• Property is sold subject to any / all code violations, to the extent any exist.
• Property is sold subject to court approval.
• All bids are subject to Receiver’s confirmation.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to auction end, for any reason.
• Information contained in any advertisement is not guaranteed or warranted.
• No contingencies will be accepted, except the Receiver’s ability to convey insurable title.
• Property will be sold free and clear of all liens.
• Property taxes will be prorated and paid off to the day of closing.
• Absolutely no financing contingencies.
• Absolutely no inspection contingencies.
• 10% Buyer’s Premium is added to the high successful bid to determine the final purchase price.
• 10% deposit of the final purchase price (minus the $10,000.00 participation deposit) must be wired to the title company by 5PM ET on Friday, January 7, 2022.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.