10700 Montgomery Rd
More property details
Location
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.
- Premier Location - Prominently located in the City of Montgomery, one of Cincinnati's most affluent submarkets, this landmark location provides a fantastic redevelopment opportunity.
- Medical Exposure - The subject property is adjacent to Bethesda North making an attractive medical destination for various networks and small practices.
- Access and Visibility - 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.
- Amenity Base - Surrounded by numerous dining, retail and professional services, all within walking distance or a short drive.
- Reposition Strategy - Investors will have the opportunity to acquire the property at a price substantially below replacement cost providing a compelling opportunity to reposition or redevelop the asset.