OHIO VALLEY MEDICAL CENTER PARKING & DEVELOPMENT… — Sale in Springfield, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Springfield, OH 45504

Description

Marcus & Millichap is pleased to present the offering for Ohio Valley Medical Center Parking & Development Opportunity in Springfield, OH. 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.

Market Context

This land in Springfield, OH is listed for sale. It has been on the market for 101 days. Compare it against other land listings for sale in Springfield, OH — view the full market.

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