2484-2556 Scarborough Boulevard, Columbus, OH 43232
$1,600,000
Property Type:
Commercial
Square Footage:
21,204
Lot Size (sq. ft.):
125,453
Status:
Closed
Current Price:
$1,600,000
List Date:
1/11/2023
Last Modified:
2/27/2025
Overview
Description
UNIQUE OPPORTUNITY! 94.34 % LEASED SHOPPING CENTER IN COLUMBUS! Rare opportunity to buy a nearly full retail center with tremendous upside. Tenants paying below market and on short-term leases provides an opportunity to increase rents and push revenue. 7.4% current cap rate with vacancy in place. Good opportunity for an owner-user to occupy the vacant space and collect rent from the remaining space. Price well below replacement cost and under $100 per square foot. Incredible upside opportunity.
Listing Details MLS# 223000844
Location Property Info
- Original List Price
- 1975000
- Property Sub Type
- Shopping Center
- Street #
- 2484-2556
- Street Name
- Scarborough
- Street Suffix
- Boulevard
- County
- Franklin
- State
- OH
- Zip Code
- 43232
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2023-01-11
General Property Info
- Total SqFt Available
- 21204
- Bldg Sq Ft
- 21204
- Max Cont Sqft Avail
- 21204
- Minimum Sqft Avail
- 21204
- # of Floors Above Gr
- Yes
- Year Built
- 1986
- Acreage
- 2.88
- # of Docks
- 0
Tax Info
- Parcel #
- 010-202056-00
- Zoning
- C-4
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 16054
Status Change Info
- Under Contract Date
- 2023-01-26
- Sold Date
- 2023-04-14
- Sold Price/SqFt
- 75.46
T Reimburses L
- Curr Yr Est $/SF TRL
- 2.58
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 93.14
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- UNIQUE OPPORTUNITY! 94.34 % LEASED SHOPPING CENTER IN COLUMBUS! Rare opportunity to buy a nearly full retail center with tremendous upside. Tenants paying below market and on short-term leases provides an opportunity to increase rents and push revenue. 7.4% current cap rate with vacancy in place. Good opportunity for an owner-user to occupy the vacant space and collect rent from the remaining space. Price well below replacement cost and under $100 per square foot. Incredible upside opportunity.
Income/Expenses
- Gross Income
- 200500
- Net Operating Income
- 145746
- Total Expenses
- 54754
Addl Acceptance Cond
- None Known
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
MLS Primary PhotoSrc:
Realtor Provided
Documents
Marketing package ›
Listing Office:
The Robert Weiler Company
Listing Agent:
Alexander N Marsh
Last Updated: February - 27 - 2025
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