For Auction
Asset Snapshot
Offering Summary
Friedman Real Estate, in collaboration with RI Marketplace, is pleased to present the exclusive marketing and sale of Courthouse Plaza SW, a ±160,000 SF multi-tenant office building located at 10 N Ludlow Street in the core of downtown Dayton. This 12-story office asset, inclusive of a mechanical penthouse level, offers investors the opportunity to acquire a well-located CBD property with in-place income and significant value-add potential through lease-up or repositioning.
The building is approximately 38% occupied with strong in-place tenancy including GSA, Downtown Dayton Partnership, and other institutional and service-oriented users. With more than ±80,000 SF available, including multiple full-floor vacancies, the property presents a clear path to creating value through strategic leasing, re-tenanting, or adaptive reuse to multifamily, hospitality, or mixed-use.
Courthouse Plaza SW features efficient floor plates, strong window lines, and abundant natural light, supported by an institutional layout that includes a mechanical penthouse and lower-level amenity areas. Renovated in 2019, the property offers updated common areas while still providing investors the ability to further enhance the asset and drive rents over time.
Located directly on Courthouse Square and across from The Arcade redevelopment, the property benefits from immediate proximity to government offices, retail, and downtown amenities. The combination of location, vacancy, and flexibility positions the asset as a compelling opportunity for investors seeking both current income and long-term upside.
The offering represents a leasehold interest, with the land owned by the City of Dayton under a long-term ground lease in place through 2041, with two additional 25-year renewal options. This structure provides long-term control of a core downtown site with future flexibility.
Located at 10 N Ludlow Street, Courthouse Plaza SW sits directly on Courthouse Square in the core of downtown Dayton, the region’s primary business, government, and cultural hub. Dayton benefits from a diversified economic base driven by healthcare, aerospace, advanced manufacturing, logistics, and education, with major employers including Wright-Patterson Air Force Base and leading regional healthcare systems. The property is positioned at the center of the CBD with immediate proximity to The Arcade redevelopment, RiverScape MetroPark, and the Great Miami River, all of which continue to drive investment and activity in the urban core.
The asset offers strong regional accessibility via Interstate 75, U.S. Route 35, and Interstate 70, connecting the property to the broader Dayton MSA. The immediate area is supported by a mix of government offices, institutional users, and a growing downtown residential base, along with walkable access to retail, dining, and entertainment amenities. Ongoing public and private investment throughout downtown continues to enhance the live, work, play environment, positioning the property within one of Dayton’s most active and evolving corridors.
The Property is offered for sale as part of a two property portfolio located in Dayton, OH. Both properties will be sold individually in the June 10th Auction Event through RI Marketplace.
The two properties include:
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
