Single Tenant Medical Building for SALE Listing Details & Market Data

703 St. Rt. 28, Milford, OH 45150

  • For Sale $1,365,400
  • Property Type Office - Medical Office
  • Property Size 6,736 SF
  • Lot Size 0.92 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1950
  • Year Renovated 2023
  • Date Updated Jan 6, 2024
With its strategic location, just 20 miles from Cincinnati, Milford provides easy access to major markets and transportation networks. The business-friendly community embraces innovation and entrepreneurship, fostering a diverse economy across various industries taking advantage of a skilled and educated workforce, along with top-notch educational institutions nearby. Milford's charming small-town atmosphere blends seamlessly with modern amenities, making it an ideal place for work-life balance. From affordable real estate to supportive local government, Milford ensures a conducive business environment for startups and established enterprises alike.SVN is proud to offer for sale 703 St. Rt. 28 in Milford, OH a single-tenant free-standing medical building occupied by ABC Pediatric/Ivy Rehab Network. The Amazon-proof operator of over 540 physical therapy clinics in 15 states, Ivy Rehab is a rapidly growing network of best-in-class outpatient physical, occupational, speech, and ABA therapy clinics. New 7 year NNN lease signed in 2023 with minimal owner expenses. The highly visible location, only a 2-minute drive to the I-275 on-ramp, is in the heart of the Milford submarket of Cincinnati, OH. Five-mile average incomes of $120,000 and a population of 120,400 people offer strong support and growth potential for this site.

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Attachments

Highlights

  • Single Tenant Freestanding Medical Building
  • Amazon-proof Tenant Ivy Rehab, operator of over 540 Therapy Clinics in 15 states
  • Market Beating 7.5% Cap Rate With 2% Annual Increases
  • Lease Expires 5/31/2030, Replaceable Market Rent
  • Major Building Renovations in 1997, 2016 and 2023
  • Flat .92 acre Site Striped and Sealed in 2023
  • 2 Minute Drive to I-275

Contacts

broker

Chuck Ciolino, CCIM

SVN | Commercial Realty Advisors

(513) 720-1000

Location

Getting Around

  • Walk Score ®

    Car-Dependent (44)
  • Bike Score ®

    Somewhat Bikeable (42)
Powered by Walk Score ®
  • City Milford, OH
  • Neighborhood Milford
  • Zip Code 45150
  • Market Cincinnati

Points of Interest

  • Kroger

    0.74 miles

  • Shell

    0.79 miles

  • Speedway

    0.90 miles

  • UDF Fuel

    0.91 miles

  • Sunoco

    1.48 miles

  • UDF Fuel

    1.53 miles

  • UDF Fuel

    1.92 miles

  • BP

    1.96 miles

  • Speedway

    1.96 miles

  • Meijer Gas

    2.12 miles

  • Terrell Park

    1.75 miles

  • Milford Bus Garage

    2.81 miles

  • Church Lot

    5.45 miles

  • School Lot

    5.46 miles

  • The Pit

    5.48 miles

  • Kenwood Towers Parking Garage

    5.71 miles

  • Linda J. Cox Trailside Parking Lot

    5.79 miles

  • East Loveland Avenue Parking Lot

    5.92 miles

  • Blue Ash Park & Ride

    6.66 miles

  • Blue Ash Park & Ride

    6.68 miles

  • Acapulco

    0.63 miles

  • Pizza Hut

    0.66 miles

  • Ann India

    0.67 miles

  • Chipotle

    0.68 miles

  • McDonald's

    0.70 miles

  • IHOP

    0.72 miles

  • LaRosa's Pizzeria

    0.73 miles

  • China House

    0.75 miles

  • Rally's

    0.78 miles

  • Chick-fil-A

    0.78 miles

  • Eastern Baptist Seminary

    0.44 miles

  • Charles L. Seipelt Elementary School

    0.71 miles

  • Saint Andrew School

    1.10 miles

  • Milford High School

    1.63 miles

  • Milford Preschool

    1.70 miles

  • Milford High School and Junior High School

    1.71 miles

  • Milford Junior High School

    1.85 miles

  • Boyd E. Smith Elementary School

    2.50 miles

  • Terrace Park Elementary School

    2.65 miles

  • Live Oaks Career Campus

    2.84 miles

  • The Goddard School of Loveland

    3.26 miles

  • Prodigy Preschool

    3.33 miles

  • YouthLand Academy

    5.01 miles

  • KinderCare of Loveland

    5.16 miles

  • Saint Columban School Pre-Kindergarten

    5.47 miles

  • POP Kids

    6.14 miles

  • All About Kids

    6.66 miles

  • The Children’s House

    6.73 miles

  • Blake Lindner Thompson Early Childhood Learning Center

    6.91 miles

  • Youthland Academy Blue Ash Learning Center

    7.27 miles

Contact Listing Broker

broker

Chuck Ciolino, CCIM

SVN | Commercial Realty Advisors

(513) 720-1000