3629 Sullivant Avenue, Columbus, OH 43228

$2,275,000
Property Type: Commercial Square Footage: 27,700 Lot Size (sq. ft.): 156,816 Status: Closed
Current Price: $2,275,000 List Date: 2/09/2021 Last Modified: 2/03/2025

Overview

Description

100% Leased Shopping Center with National Tenants Papa Johns, Family Dollar. Local Chain: La Michoacana Market, Billboard signage. Remaining tenants have been onsite for over 9 years. Very stable tenants. Priced at 8.5% CAP Rate. Nice building.

Listing Details MLS# 219032368

Location Property Info

Original List Price
2385000
Property Sub Type
Retail
Street #
3629
Street Name
Sullivant
Street Suffix
Avenue
County
Franklin
State
OH
Zip Code
43228
Subdiv/Cmplx/Comm
Wedgewood Sopping Center
Township
None

OfficeContract Info

MLS Entry Date
2019-08-27

General Property Info

Bldg Sq Ft
27700
Occupancy Rate
100
# of Floors Above Gr
Yes
Total Parking
60
Year Built
1955
Use Code
429 - OTHER RETAIL STRUCTURES
Acreage
3.6
Total SqFt Available
0
Max Cont Sqft Avail
0
Minimum Sqft Avail
0
# of Docks
0

Tax Info

Parcel #
010-111173
Zoning
C4
Tax Year
2019
Tax Abatement
No
Taxes (Yrly)
4649

Status Change Info

Under Contract Date
2021-06-09
Sold Date
2021-07-09

T Reimburses L

Curr Yr Est $/SF TRL
2

More Information

Expenses

R.E. Taxes
44978
Property Insurance
8312

Auction Info

Auction/Online Bidding Y/N
No

Sale Info

Seller Assisted Fin
N
Seller/Buyer Concessions
N

Location & Property Info

City (Mailing Addr)
Columbus
Dist To Interchange
2
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
No
Lease Rate $/Sq Ft
0

Remarks & Misc

Property Description
100% Leased Shopping Center with National Tenants Papa Johns, Family Dollar. Local Chain: La Michoacana Market, Billboard signage. Remaining tenants have been onsite for over 9 years. Very stable tenants. Priced at 8.5% CAP Rate. Nice building.

Income/Expenses

Gross Income
308916
Net Operating Income
0
Total Expenses
0

Addl Acceptance Cond

None Known
Yes

T Contracts Directly

All Utilities
Yes
Janitorial
Yes

Heat Fuel

Gas
Yes

Heat Type

Forced Air
Yes

New Financing

Conventional
Yes

Business Type

Arts and Entertainment
Yes
Auto Service
Yes
Financial
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes
Shopping Center
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known T Contracts Directly: All Utilities; Janitorial Heat Fuel: Gas Heat Type: Forced Air Business Type: Arts and Entertainment; Auto Service; Financial; Professional/Office; Restaurant; Retail; Shopping Center New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: RZ Realty
Listing Agent: Jay R Zollars
Last Updated: February - 03 - 2025
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