| Year Built | Of Record |
|---|---|
| Annual Taxes | $12,736.20 (per auditor) |
| Lot Size | 1.076 acres |
| Parcel ID | 221-0013-0223-00, 221-0013-0002-00, and 221-0013-0005-00 |
| Defendant | Adco Realty Inc |
| File No. | N/A |
| Case No. | A1805680 |
| Appraisal Amount | N/A |
| City | Cincinnati |
| Square Feet (per auditor) | 17,253 |
| Showings & Availability | Yes |
***** OFFERED BY COURT-APPOINTED RECEIVER *****
***** SEALED BID SALE *****
Redevelopment Opportunity in One of Cincinnati’s Hottest Neighborhoods
1.076 Acres in the heart of North Side. Located at the signalized intersection of Hamilton Avenue and Blue Rock Street with frontage on all sides. Completely surrounded by new development and the thriving North Side business district. Don’t miss out on this rare opportunity.
Currently, two buildings totaling 17,000+ SF are situated on the property. Existing business has occupied the property for a decade and then some. Also included in the sale is a free standing, leased bank ATM.
Property lease is $4,750 / month and expires September 2022.
ATM lease has been in place since 2015. Lessee currently pays $637.50 / month and has committed to their second renewal term, expiring May 31, 2021. Three one-year renewal options remain, with built in 2% rent increases each year.
While the receiver sale is free and clear of all liens and encumbrances, including both leases, both tenants wish to remain at the property. The purchaser may wish to assume one or both leases, or can request to purchase the property unencumbered.
Great location with easy access to major highways US-127, I-74, and I-75. The property is currently zoned ML (Manufacturing Limited). ML zoning permits many different uses and zoning change could be a possibility as well. Please see attachment for more details.
The property is sold 100% as-is, where-is, with all faults. Submit offers in the form of an LOI to [email protected] no later than Tuesday, March 31, 2020. Offers will be reviewed and considered as they are received, and Receiver may accept an offer prior to the scheduled bid deadline. Receiver may accept, reject, or counter any offer, at any time, for any reason, in its sole discretion, without notice. Weight consideration given for offers with little to no contingencies / due diligence periods. Submit your highest and best offer now.
Information contained in ANY advertisement for this property is thought to be accurate, but is not guaranteed or warranted and should not be relied upon. BY SUBMITTING AN OFFER ON THIS PROPERTY, THE POTENTIAL BUYER REPRESENTS IT HAS INDEPENDENTLY VERIFIED ALL INFORMATION AND MADE THE DECISION TO SUBMIT AN OFFER BASED UPON THEIR OWN INVESTIGATION.
Key sale points to know:
• Property is sold 100% AS-IS, WHERE-IS, with all faults.
• Property is sold subject to any / all code violations.
• Property is sold subject to court approval.
• All offers will be considered by Receiver.
• Receiver reserves the right to accept or reject any bid or offer, at any time prior to or subsequent to bidding conclusion, for any reason, without notice, in its sole discretion.
• Property will be sold free and clear of all liens.
• Property taxes will be pro-rated to the day of closing.
*** PLEASE DO NOT DISTURB TENANTS ***
