Commercial Investment Opportunity Available
ACQUISITION PRICE: $45,000,000.00
PROPOSED REDEVELOPMENT RENDERINGS (TERRACE PLAZA APARTMENTS)
OFFICE COMPONENT RETAIL COMPONENT
HOTEL COMPONENT
22 STORIES HIGH - 600,000+ SF
Great opportunity to own a commercial building with great potential in the heart of downtown Cincinnati, OH. The highest and best use of this property is planned redevelopment. This property is located on .96 acres. Plans are in place to redevelop the property with a retail, office, and hotel building. We have included conceptual renderings for the prospective buyer's consideration.
Cincinnati is home to many major corporations such as Proctor & Gamble, The Kroger Company, and Macy's. The second largest employer in the city, next to Kroger, is the University of Cincinnati which employs 16,000. Cincinnati is also home to two major sports teams in the Cincinnati Reds Baseball Team and the Cincinnati Bengals Football team who recently went to the Super Bowl in February of 2022.
The seller is motivated on this deal to either (1) secure an equity partner to invest $6 Million in exchange for ownership in the property and proposed development or sell the entire structure for the acquisition price listed above. For more information please contact Trevor Sarter.
Please submit all offers to investments@promiselandrealtyllc.com
OFFER DEADLINE 5/14/2022
PROPERTY PHOTOS: https://photos.app.goo.gl/n1xbaenmnek3MFBZ7
PROPOSED REDEVELOPMENT (HOTEL COMPONENT)
PROPERTY MAP:
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*