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
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
General Property Info
Total SqFt Available: 21204
Bldg Sq Ft: 21204
Max Cont Sqft Avail: 21204
Minimum Sqft Avail: 21204
# of Docks: 0
# of Floors Above Gr: 1
Year Built: 1986
Acreage: 2.88
Tax Info
Zoning: C-4
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 16054
Parcel #: 010-202056-00
Tax Year: 2021
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.
Status Change Info
Sold Price/SqFt: 75.46
Under Contract Date: 2023-01-26
Sold Date: 2023-04-14
Sold Price: $1,600,000
Income/Expenses
Gross Income: 200500
Net Operating Income: 145746
Total Expenses: 54754
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 2.58
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
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
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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