1117 Broadway Street, Cincinnati, Ohio 45202

Foreclosure Sale by Court-Appointed Receiver.  Online bidding only.  Prodigy Properties is pleased to present for sale this 5,500+ SF mixed-use, four-story, commercial building, with office space on the first two floors, residential on the third floor, an unfinished attic area on the fourth floor, and an oversized attached garage.  Prime location with the subject property being in the outskirts of Cincinnati’s red-hot Central Business District across from the well-known Hard Rock Casino Cincinnati.  Surrounded by an abundance of other amenities including, but not limited to, Ziegler Pool, Hamilton County Courthouse, Cincinnati Bell Connector (streetcar), TQL Stadium, Great American Ball Park, Paul Brown Stadium, a wide variety of restaurants, several bars, parks, grocery stores, hotels, and convenience stores.  Walking distance to almost anything you need.  Easy access to major highways I-71, I-75, and I-471 as well.  Rare investment opportunity within a flourishing, highly popular area — do not miss out!

Tenant Summary:

• $4,500 / month total in rental income
• All tenants are in a MTM lease
  • First floor – occupied by a law office at $1,000 / month in rent
  • Second floor – occupied by a law office at $1,000 / month in rent
    • Tenant has expressed to the Receiver they wish to remain and will execute a new lease w/ the new owner
  • Third floor – 3 bed / 1 bath apartment occupied by a tenant at $1,000 / month in rent
  • Fourth floor – vacant, unfinished attic area
  • Garage – occupied by Pedal Wagon at $1,500 / month in rent with an additional $180 / month for CAM

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 9/9/2021 at 2pm 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 by 5pm ET on Friday, September 10, 2021.  Furthermore, a Receiver’s Purchase and Sale Agreement is required to be executed by the high successful bidder within 48 hours of auction conclusion.

The property is occupied.  Please do not trespass.  Contact [email protected] to schedule a walkthrough.  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.

Information contained in any advertisement for this property is not guaranteed and should not be relied upon.  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.  High successful bidder must wire transfer a deposit of 10% of the final purchase price by 5pm ET on Friday, September 10, 2021.

Key sale points:

• The opening bid is $450,000 with an unpublished reserve price.
• 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 must be wired to Receiver’s title company by 5pm ET on Friday, September 10, 2021.
• Receiver’s Purchase and Sale Agreement must be executed by the high successful bidder within 48 hours after the auction conclusion.
• The terms of the sale are fully set forth in the Agreement and are not negotiable.