1580 Rathmell Road, Lockbourne, OH 43137

$1,400,000
Property Type: Business Opportunity Lot Size (sq. ft.): 219,107 Status: Active
Current Price: $1,400,000 List Date: 4/15/2025 Last Modified: 8/12/2025

Description

Be your own property manager by living in the beautiful home on-site or create additional income as a furnished rental property or short-term rental! Perfect setup for a stay-at-home spouse to supplement the household income. Turnkey Storage Business for sale only with the purchase of the property home. The established business generates a very passive income and does not require full-time management. The 5+ acre property is zoned General Industrial in an area experiencing massive growth in the Rickenbacker/Obetz/Lockbourne region. There are (31) enclosed 8x20' storage units, (1) 3600 s.f. building (2 tenants) and (1) 672 s.f. office separated into 3 tenant spaces. Both buildings have bathrooms and a new septic system was recently designed and installed allowing for future growth. In addition, there is (48+) open parking spaces for equipment, boats, RV's and/or material. Owner is currently engaged in an expansion project for additional parking spaces and/or there is room for future building additions. All current tenants have storage agreements or leases in place and 80% are setup on 'autopay' each month. There is a favorable mix of individual and corporate tenants currently occupying the facility. In all, there is 30,148 s.f. of rentable space with 29,348 currently occupied. Occupancy rate currently 97% and economic occupancy is 77.5% Access is controlled with 2 remote controlled gates, keypad controls and CCTV cameras throughout the facility. Assets with the sale include 31 storage units, 2 semi van trailers, New Holland skid loader, Kubota side-by-side UTV w/Boss snow plow, office computers, phone systems and office furniture. The company is also an authorized U-haul dealer which can be operated by the next owner if interested. This General Industrial zoned property will only be sold with the business which would be another 900k making the full asking price of 2.3 mill.

Supplements: ********

More Information MLS# 225012192

Location Property Info

Original List Price: 1600000 List Price: $1,400,000 Property Sub Type: Other Street #: 1580 Street Name: Rathmell Street Suffix: Road County: Franklin State: OH Zip Code: 43137 Township: Hamilton

OfficeContract Info

Status: Active MLS Entry Date: 2025-04-15

General Property Info

Business Description: Storage Facility Seller/Business Name: Complete Storage Ser Years in Business: 2 Days Open: 7 Hours Open: 8-5 # of Employees: 1 Total Sq Ft: 6338 Acreage: 5.03

Tax Info

Parcel #: 150-002605 Zoning: Gen Industrial Tax Year: 2024 Taxes (Yrly): 6511

Bus Financial Info

From: 2024-01-01 Through: 2024-12-31 Gross Sales: 147000 Net Before Taxes: 127000

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: e-Merge Real Estate Excellence
Listing Agent: Cindi Ann Watkins
Last Updated: August - 12 - 2025
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