More Information
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
Appraised Value $730,000 Bid Your Price @ Auction!
Investment Opportunity
Exceptional opportunity to acquire a prominent mixed-use redevelopment property in the heart of Lockland's business district. 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
- Full basement
- 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.
Tim Lile
Auctioneer/Asset Advisor
(937) 689-1846
TimLileAuctioneer@gmail.com
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.
Property Map
Basic Terms:
- 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
Deposit and Closing:
Successful bidder will be required to deposit the 10% buyer premium amount by end of business on day after auction end. Close on or before September 30, 2026 through M & M Title Company.
Realtor Participation:
See Realtor Registration form in documents section of this listing for terms and requirements.