11681 Johnstown Road Road, New Albany, OH 43054
$2,250,000
Property Type:
Commercial
Square Footage:
25,000
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$2,250,000
List Date:
8/01/2018
Last Modified:
1/26/2025
Overview
Description
Amazing one in a life time opportunity. 5 acres ZONED FOR STORAGE in NEW ALBANY. 2 acres are developed with 3 buildings, 25,000 sq ft of storage units 144 doors, 80% occupied. 2 more acres in the back are approved, zoned, and ready to be built on for additional 3 buildings 25,000 sq. ft. of storage space. Property also features a remodeled 2200 sq ft 2 story home that can be used as office, live in manager, or rented to a tenant, home is in New Albany school district. Storage units were built by Golden Giant, high quality 21in steel construction with steel roofs. Middle building is wired for climate control and has HVAC installed and plumbed for propane heating. 24 hour gate access. Installed by quality Calvin Controls and operated by Door King. Facility is fenced and camera protected. A/O
Listing Details MLS# 218013425
Location Property Info
- Original List Price
- 2250000
- Property Sub Type
- Mixed Use
- Street #
- 11681
- Street Name
- Johnstown Road
- Street Suffix
- Road
- County
- Franklin
- State
- OH
- Zip Code
- 43054
- Township
- Plain
OfficeContract Info
- MLS Entry Date
- 2018-04-26
General Property Info
- Total SqFt Available
- 25000
- Bldg Sq Ft
- 25000
- Max Cont Sqft Avail
- 25000
- Minimum Sqft Avail
- 25000
- Occupancy Rate
- 87
- Number of Units
- 144
- # of Floors Above Gr
- Yes
- Total Parking
- 7
- Year Built Status
- 2014
- Year Built
- 2014
- Use Code
- 481 - MINI WAREHOUSE
- Acreage
- 5
- # of Docks
- 0
Tax Info
- Parcel #
- 220-O074C -031-06
- Tax Abatement
- No
Status Change Info
- Under Contract Date
- 2018-06-01
- Sold Date
- 2018-09-27
- Sold Price/SqFt
- 90
Expenses
- R.E. Taxes
- 30000
- Property Insurance
- 7000
- Repairs&Maintenance
- 1000
- Electricity Expense
- 12000
- Accounting & Legal
- 1300
- Property Management
- 5000
- Supplies
- 1000
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 90
- City (Mailing Addr)
- New Albany
- Dist To Interchange
- 1
- Corp LimitPerAuditor
- None
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- Amazing one in a life time opportunity. 5 acres ZONED FOR STORAGE in NEW ALBANY. 2 acres are developed with 3 buildings, 25,000 sq ft of storage units 144 doors, 80% occupied. 2 more acres in the back are approved, zoned, and ready to be built on for additional 3 buildings 25,000 sq. ft. of storage space. Property also features a remodeled 2200 sq ft 2 story home that can be used as office, live in manager, or rented to a tenant, home is in New Albany school district. Storage units were built by Golden Giant, high quality 21in steel construction with steel roofs. Middle building is wired for climate control and has HVAC installed and plumbed for propane heating. 24 hour gate access. Installed by quality Calvin Controls and operated by Door King. Facility is fenced and camera protected. A/O
Income/Expenses
- Gross Income
- 120000
- Net Operating Income
- 12000
- Total Expenses
- 100000
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- All
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Misc Int & Ext Info
- Traffic CountPerDay
- 3000
Construction
- Metal
- Yes
Heat Fuel
- Electric
- Yes
Water Source
- Well
- Yes
Services Available
- Electricity Available
- Yes
Heat Type
- Heat Pump
- Yes
Electric
- 3 Phase
- Yes
New Financing
- Conventional
- Yes
- Owner Financing
- Yes
Sprinkler
- None
- Yes
Business Type
- Industrial
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Expenses Paid by L:
All
Heat Fuel:
Electric
Heat Type:
Heat Pump
Electric:
3 Phase
Water Source:
Well
Services Available:
Electricity Available
Construction:
Metal
Sprinkler:
None
Business Type:
Industrial
New Financing:
Conventional; Owner Financing
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
NextHome Experience
Listing Agent:
Vadim Barash
Last Updated: January - 26 - 2025
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