1905 Balt-Reyn Road, Reynoldsburg, OH 43068

$1,475,000
Property Type: Commercial Lease Square Footage: 19,032 Lot Size (sq. ft.): 138,956 Status: Closed
Current Price: $1,475,000 List Date: 2/13/2018 Last Modified: 1/25/2025

Overview

Description

Great Neighborhood Retail Center located on busy State Route 256. Many long-term tenants.

Listing Details MLS# 218003891

Location Property Info

Original List Price
1550000
Property Sub Type
Shopping Center
Street #
1905
Street Name
Balt-Reyn
Street Suffix
Road
County
Franklin
State
OH
Zip Code
43068
Township
Truro

OfficeContract Info

MLS Entry Date
2018-02-13

General Property Info

Total SqFt Available
19032
Bldg Sq Ft
19032
Max Cont Sqft Avail
19032
Minimum Sqft Avail
1200
Occupancy Rate
85
Number of Units
9
# of Floors Above Gr
Yes
Total Parking
107
Year Built
1989
Use Code
425 - NEIGHBORHOOD SHOPPING CTR
Lot Size (Side)
850
Acreage
3.19
# of Docks
0

Tax Info

Parcel #
060-004109
Zoning
CC
Mult Parcels/Sch Dis
No
Tax Year
2017
Tax Abatement
No
Taxes (Yrly)
43139
Tax Incentive
No

Status Change Info

Under Contract Date
2018-06-01
Sold Date
2018-07-02
Sold Price/SqFt
77.5

T Reimburses L

Curr Yr Est $/SF TRL
5.5
Building Insurance
Yes
Cam
Yes
Maint/Repairs
Yes
RE Taxes
Yes
Utilities
Yes

More Information

Lease Info

Term Desired
3-5 years
Will LL Remodel
No
Pass Exp Over BaseYr
Yes

Suite Info 1

Suite #
1911
SQ FT
1200

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
81.44
City (Mailing Addr)
Reynoldsburg
Dist To Interchange
0.8
Corp LimitPerAuditor
Reynoldsburg

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
Yes
Lease Rate $/Sq Ft
12

Remarks & Misc

Property Description
Great Neighborhood Retail Center located on busy State Route 256. Many long-term tenants.

Income/Expenses

Gross Income
212333.16
Net Operating Income
90289.89
Total Expenses
122043.27

Addl Acceptance Cond

None Known
Yes

T Contracts Directly

All Utilities
Yes
Repairs
Yes

Misc Int & Ext Info

Bay Size (Width)
20
Bay Size (Depth)
60
Ceiling Height Ft
9
Parking Ratio/1000
9.3

Construction

Block
Yes
Metal
Yes

Heat Fuel

Gas
Yes

Services Available

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Storm Sewer
Yes
Water Available
Yes

Heat Type

Forced Air
Yes

Electric

Single Phase
Yes

Sprinkler

None
Yes

Business Type

Professional/Office
Yes
Retail
Yes
Shopping Center
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known T Reimburses L: Building Insurance; Cam; Maint/Repairs; RE Taxes; Utilities T Contracts Directly: All Utilities; Repairs Heat Fuel: Gas Heat Type: Forced Air Electric: Single Phase Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Construction: Block; Metal Sprinkler: None Business Type: Professional/Office; Retail; Shopping Center MLS Primary PhotoSrc: Realtor Provided
Listing Office: Polis & Simon, Inc., Realtors
Listing Agent: Joseph J Polis
Last Updated: January - 25 - 2025
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