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Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 28,320 sqft
Price per Sqft $19
MLS Listing ID 212029108
Sold Date 11/15/24
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1973
Annual Tax Amount $11,589
Lot Size 2.110 Acres
Lot Dimensions 2.11
Property Description
Leased investment. 19.01% cap rate (with 33% vacancy). 28,320 SF 3 story off bldg with the 1st & 2nd floors leased to Focus Learning Academy of Northern Columbus, a K-8 community charter school. Current income =$190,800/year ($15,900/mo.) for 18,200 SF. Charter School has 1st right of refusal for 3rd floor for expansion. Landlord responsible for HVAC,structure,taxes (2/3 of taxes are exempt) & light bulbs. There is tremendous upside with lease up of the 3rd floor.
Location
State OH
County Franklin
Area 2.11
Zoning M
Rooms
Dining Room No
Interior
Equipment No
Others
Tax ID 010-005470
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