1110 Morse Road, Columbus, OH 43229
$1,253,500
Property Type:
Office
Square Footage:
23,256
Lot Size (sq. ft.):
42,689
Status:
Closed
Current Price:
$1,253,500
List Date:
2/04/2025
Last Modified:
5/23/2025
Description
Multi-tenant office ideal for investment/owner user. 3 stories above grade & 1 lower level partially below grade. Elevator, ADA ramp, New TPO Roof in 2024. 74 on-site parking spaces (3.18/1,000 SF), 34,869 Traffic Count. 6.92% Current Cap Rate with a Current 32.3% economic vacancy/loss to lease; increases to 12.8% Cap at 90% lease up. Priced at $1.3M ($55.59/SF). Short-term lease structures offer flexibility for new owner. Small office layouts offer value for tenants. Lots of upside potential by converting future leases to rentable SF instead of based on usable SF. Very well maintained and many suites renovated. Located in a dense area of Northern Columbus with immediate access to I-71.
Supplements: ********
More Information MLS# 225003330
Location Property Info
Original List Price: 1300000
Sold Price: $1,253,500
Property Sub Type: Office
Street #: 1110
Street Name: Morse
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43229
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2025-02-04
General Property Info
Total Available Sqft: 7137
Building Sqft: 23256
Max Cont Sqft Avail: 23256
Minimum Sqft Avail: 115
# of Floors Above Gr: 3
# of Elevators: 1
Total Parking: 74
Use Code: 449 - ELEVATOR OFFICE BLDG-3+ STORY
Year Built: 1966
Basement: Yes
Lot Size (Side): 305
Acreage: 0.98
Tax Info
Parcel #: 010-013470
Zoning: CAC
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 28090
Status Change Info
Under Contract Date: 2025-05-21
Sold Date: 2025-05-23
Sold Price: $1,253,500
Sold Price/SqFt: 175.63
Auction Info
Auction/Online BiddingY/N: No
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Property Features
Addl Acceptance Cond: None Known
T Reimburses L: Building Insurance; Cam; RE Taxes; Utilities
Heat Fuel: Gas
Building Type: Multi Tenant
Construction: Block; Brick
Miscellaneous: Air Condition
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Hanna Commercial, LLC
Listing Agent: Douglas Tenenbaum
Last Updated: May - 23 - 2025
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