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

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.

Supplements: ********

More Information MLS# 223000844

Location Property Info

Original List Price: 1975000 Sold Price: $1,600,000 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

Status: Closed 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: 1 Year Built: 1986 Acreage: 2.88

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: $1,600,000 Sold Price/SqFt: 75.46

T Reimburses L

Curr Yr Est $/SF TRL: 2.58

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: The Robert Weiler Company
Listing Agent: Alexander Marsh
Last Updated: February - 27 - 2025
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