Commercial
OHIO VALLEY MEDICAL CENTER PARKING & DEVELOPMENT OPPORTUNITY
220 W Main St, Springfield, OH 45504
Listing Price: $900,000
Lot Size
3.32 acres
Price/Acre
$271,084
Land Type
Land
Investment Overview
Marcus & Millichap is pleased to present the offering for Ohio Valley Medical Center Parking & Development Opportunity in Springfield, OH.
OHIO VALLEY MEDICAL CENTER PARKING & DEVELOPMENT OPPORTUNITY
Investment Highlights
- Opportunity to Acquire an Approximately 3.32-Acre Lot Benefiting from Immediate Cash Flow with Significant Long-Term Redevelopment Upside.
- Rare Development Opportunity: Ohio Valley Medical Center is Responsible for All Operating and Maintenance Costs for the Entire 3.32-Acre Site While Only Leasing Space for 112 Designated Parking Spots.
- 2.26 Acres Ready for Development with the Unique Advantage of Zero Carrying Costs During Entitlement and Planning.
- Leased To Ohio Valley Medical Center (OVMC), a Leading Regional Provider and Strategic Partner to the Neighboring Mercy Health Hospital System.
- Absolute Triple-Net Ground Lease: Zero Landlord Responsibilities, Offering a Truly Passive "Coupon-Clipper" Investment Ideal for 1031 Exchange Buyers.
- Features 10 Percent Rent Increases Every Five Years, Including through All Three Five-Year Option Periods, Providing a Strong Hedge Against Inflation.
- The Price Point Reflects the High Demand for Contiguous Land in a Tightening Medical Corridor, Priced at Approximately $267,857 Per Acre.
- Directly Across from the 234-Bed Mercy Health Springfield Regional Medical Center, and Ohio Valley Medical Center. | Located in a Primary Employment Hub with a Daytime Population of 14,509 within One Mile, and Over 78,000 Residents within Five Miles.
Exclusively Listed By
Financing By
Commercial
OHIO VALLEY MEDICAL CENTER PARKING & DEVELOPMENT OPPORTUNITY
Listing Price: $900,000
Lot Size
3.32 acres
Price/Acre
$271,084
Land Type
Land
Investment Highlights
- Opportunity to Acquire an Approximately 3.32-Acre Lot Benefiting from Immediate Cash Flow with Significant Long-Term Redevelopment Upside.
- Rare Development Opportunity: Ohio Valley Medical Center is Responsible for All Operating and Maintenance Costs for the Entire 3.32-Acre Site While Only Leasing Space for 112 Designated Parking Spots.
- 2.26 Acres Ready for Development with the Unique Advantage of Zero Carrying Costs During Entitlement and Planning.
- Leased To Ohio Valley Medical Center (OVMC), a Leading Regional Provider and Strategic Partner to the Neighboring Mercy Health Hospital System.
- Absolute Triple-Net Ground Lease: Zero Landlord Responsibilities, Offering a Truly Passive "Coupon-Clipper" Investment Ideal for 1031 Exchange Buyers.
- Features 10 Percent Rent Increases Every Five Years, Including through All Three Five-Year Option Periods, Providing a Strong Hedge Against Inflation.
- The Price Point Reflects the High Demand for Contiguous Land in a Tightening Medical Corridor, Priced at Approximately $267,857 Per Acre.
- Directly Across from the 234-Bed Mercy Health Springfield Regional Medical Center, and Ohio Valley Medical Center. | Located in a Primary Employment Hub with a Daytime Population of 14,509 within One Mile, and Over 78,000 Residents within Five Miles.
Investment Overview
Marcus & Millichap is pleased to present the offering for Ohio Valley Medical Center Parking & Development Opportunity in Springfield, OH.
Exclusively Listed By
Financing By
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