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In-PersonVirtual Tour
$ 400,000
Est. payment | /mo
22,239 SqFt
$ 400,000
Est. payment | /mo
22,239 SqFt
Open House
Sat Aug 22, 12:00pm - 1:30pm
Thu Aug 27, 5:00pm - 6:30pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 22,239 sqft
Price per Sqft $17
MLS Listing ID 11905402
Year Built 1930
Annual Tax Amount $5,388
Property Description
Online Real Estate Auction ~ Mixed-Use Redevelopment Opportunity ~ 701-711 W. Wyoming Avenue, Lockland, Ohio 45215 ~ Bidding Ends:
Wednesday, September 2nd at 2:30 PM ~ Investment Opportunity ~ Exceptional opportunity to acquire a prominent mixed-use redevelopment property in the heart of Lockland's business district. NOTE: $400,000 represents the Auctioneer's anticipated bid level and does not constitute an ask price as this property is selling at online Auction. This offering consists of five interconnected mixed-use buildings containing approximately 22,239± square feet of improvements situated on a 0.505± acre corner parcel with excellent visibility and rear off-street parking. The property offers outstanding potential for investors, developers, owner-users, or those seeking a value-add redevelopment project with multiple income-producing possibilities. Property Highlights: ~Five interconnected mixed-use buildings ~Approximately 22,239± square feet of total improvements ~Approximately 22,000+ square feet of building area ~0.505± acre corner parcel ~Two-story brick construction ~Rear off-street/private parking ~Public utilities ~High-visibility downtown location ~Built circa 1930 ~Opportunity for future unit configuration (subject to City of Lockland approval) Investment Advantages: ~Federally Designated Opportunity Zone The property is located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investors. Buyers should consult their tax advisor regarding Opportunity Zone regulations and benefits. ~Redevelopment Potential Potential eligibility for historic rehabilitation and brownfield incentive programs, subject to program requirements and governmental approval. Auction Information: ~This property will sell through an Online-Only Real Estate Auction. ~Online bidding only ~Property sells AS-IS ~10% Buyer's Premium applies ~Subject to seller confirmation ~Short tax proration ~Buyer pays ALL closing costs ~Clean deed conveyed at closing Bidding Features: ~$1,000 bid increments ~Automatic Max Bid option ~Email and text bid notifications ~Extended bidding to prevent last-second sniping If a bid is placed during the final three minutes of the auction, bidding automatically extends until three full minutes pass without additional bidding. Disclaimer: Information is believed to be accurate but is not guaranteed. Buyers are encouraged to conduct their own due diligence regarding all aspects of the property, including condition, zoning, dimensions, square footage, taxes, and suitability for intended use. Property is sold subject to the published Terms and Conditions of Sale. In all reserve auctions, Seller & Seller's agent's are permitted to place bids as provided for in the Ohio Revised Code & the Uniform Commercial Code. This right is negated in the case of an absolute auction. All auctions are considered with reserve unless specifically presented as absolute. Some marketing photographs may have been enhanced for presentation purposes. Public inspection is encouraged.
Location
State OH
County 39061
Rooms
Dining Room 0
Kitchen 0
Building
Structure Type Masonry - Brick
Others
Virtual Tour https://www.ohiorealestateauctions.com/property_details/mixed-use_redevelopment_opportunity_2816
Nearby Locations
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Wally Kerr
Broker | License ID: 83230