development site with existing medical & retail …€¦ · 910 barry lane & 4030 reading...

PRESENTED BY:Robert MerktD [email protected]

910 BARRY LANE & 4030 READING ROAD CINCINNATI, OH 45229

DEVELOPMENT SITE WITH EXISTING MEDICAL & RETAIL BUILDING

513.272.6800 lee-cincinnati.com10123 Alliance Road, Suite 300 Cincinnati, OH 45242

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted toerrors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice.No liability of any kind is to be imposed on the broker herein.

Robert [email protected] 513.387.0045

513.272.6800 lee-cincinnati.com 2

PROPERTY DESCRIPTION

Commercial corner parcels available for development currently containing a medical office building and a retail building that canboth be acquired or acquired separately. Currently zoned Medical Clinic/Office.

LOCATION DESCRIPTION

910 Barry Lane & 4030 Reading Road are located in the North Avondale submarket of Cincinnati, OH. North Avondale is animproving neighborhood going through a economic resurgence, with the nearby Avondale Town Center, transitioning from aneighborhood retail strip center to a mixed-use retail, office, and apartment development, as well as other nearby properties inNorth Avondale. The City of Cincinnati has issued a "Request for Development" which has been publicly approved, for the adjacent2 acre parcel property with plans for a mixed-use develop with street level retail and mid-rise condos or luxury apartments.

SITE DESCRIPTION

This development opportunity is highly visible from the signalized intersection of Barry Lane and Reading Road, which wasapproved to be widened just south of Barry Lane. The centralized location provided easy access to the Norwood Lateral, I-71 andI-75. Located just 15 minutes north of downtown Cincinnati, Xavier University, The University of Cincinnati, UC Health, VA MedicalCenter, Cincinnati Children's Hospital, and much more.

SALE PRICE: $470,000910 Barry Lane & 4030 Reading Road, Cincinnati, OH 45229

POSSIBLE DEVELOPMENT SITE WITH OFFICE & RETAIL FOR SALE

10123 Alliance Road, Suite 300 Cincinnati, OH 45242

LOCATION INFORMATION

Address 4030 Reading Road

Address 910 Barry Lane

City, State, Zip Cincinnati, OH 45229

County Hamilton

Market Cincinnati/Dayton

Sub-market Clifton/Midtown

Cross-Streets Barry Lane and Reading Road

Signal Intersection Yes

BUILDING INFORMATION

Building Class C

Tenancy Single

Ceiling Height 8 ft

Minimum Basement CeilingHeight 8 ft

Number Of Floors 2

Average Floor Size 2,796 SF

Year Built 1959

Gross Leasable Area 5,400 SF

Free Standing Yes

PROPERTY HIGHLIGHTS• Rare corner lot with traffic light

• Situated on .143 acre

• Built in 1959

• 170' of frontage along Reading Road, 270' on Barry Lane

• Currently a prosthesis Laboratory in the lower level

• 1 drive in doors, and 1 basement garage door

• Signaled traffic light

• Available as part of portfolio sale, or sold separately

• 21 parking spots on concrete drives




SALE PRICE MEDICAL OFFICE: $285,000910 Barry Lane Cincinnati, OH 45229

DEVELOPMENT OPPORTUNITY - INDIVIDUAL PARCEL FOR SALE






DEVELOPMENT OPPORTUNITY - PROPERTIES FOR SALE





ROBERT MERKT

Vice President

[email protected]: 513.387.0045 | Cell: 513.886.2333

PROFESSIONAL BACKGROUNDRobert Merkt serves as an Advisor at Lee & Associates specializing in the sale of multifamily, retail, and office properties. He is alsoexperienced in leasing of retail and office properties.

Bob has over 20 years of real estate experience with 11 years experience in commercial real estate. He has a Bachelor of Sciencedegree from the University of Cincinnati in Business Administration. Additionally, a strong following in commercial real estatefinance providing clients with a professional approach to property valuations through his underwriting experience in his depth ofknowledge of banking practices. He has provided debt service placements exceeding 40 million in commercial loans over his career.

His clients benefit from advisory which stems from his past banking experience which provides assistance to clients, lenders andservice providers in completing your transaction. Bob has extensive experience with lender/investor property site inspections ofmultifamily, office, retail and hospitality properties in Cincinnati, Dayton, Lexington, Louisville and Atlanta.

Bob is a long term east side resident of Cincinnati with regional knowledge after having resided in Dayton, Chicago and thePhiladelphia area in years past. Bob is a US Navy veteran and a licensed sales agent in the State of Ohio with membership in theCincinnati, Ohio and National Board of Realtors.

Bob has access to big data to provide superior service and overlapping property specializations to meet the needs of his clients.

EDUCATIONUniversity of Cincinnati - Bachelor of Science - Business Administration

MEMBERSHIPSCommercial Real Estate Council of Greater Cincinnati, Cincinnati Area Board of Realtors, Ohio Board of Realtors

LEE & ASSOCIATES CINCINNATI11500 Northlake Drive Suite 100

Cincinnati, OH 45249513.272.6800


DEVELOPMENT OPPORTUNITY - JOINT PROPERTIES FOR SALE


development site with existing medical & retail …€¦ · 910 barry lane & 4030 reading...

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