489-499 Lancaster Avenue, Reynoldsburg, OH 43068

$2,000,000
Property Type: Commercial Square Footage: 9,551 Lot Size (sq. ft.): 91,476 Status: Closed
Current Price: $2,000,000 List Date: 8/12/2023 Last Modified: 3/01/2025

Description

An 8-suite shopping center with a gas station and about 80 parking spaces. Ste. 489, 491, and 493, each has a frontage of 20' with a depth of 65', for a total of 1,300 sq. ft. each. Ste. 497 and 499, each has a frontage of 20' with a depth of 60' for a total of 1,200 sq. ft. Ste. 495 - AmeriStop Food mart, takes on three ste., which has been in business since the Shopping Center was built some 25 years ago. All tenants have their own electric, gas, internet, phone, and communication installations. All suites are rented and have multiple-year lease terms. Most tenants are on triple-net, which pays for their pro-rata shares of property taxes, insurance, and Common Areas Maintenance, such as parking lot maintenance, snow removal, lawn care, parking lot and walkway lighting, and the like.

Supplements: ********

More Information MLS# 223026034

Location Property Info

Original List Price: 2500000 Sold Price: $2,000,000 Property Sub Type: Retail Street #: 489-499 Street Name: Lancaster Street Suffix: Avenue County: Franklin State: OH Zip Code: 43068 Township: Truro

OfficeContract Info

Status: Closed MLS Entry Date: 2023-08-12

General Property Info

Total SqFt Available: 9551 Bldg Sq Ft: 9551 Max Cont Sqft Avail: 9551 Minimum Sqft Avail: 9551 Occupancy Rate: 100 Number of Units: 6 # of Floors Above Gr: 1 Total Parking: 80 Year Built: 1988 Use Code: 458 - GAS STATION/CONVENIENT STORE Acreage: 2.1

Tax Info

Parcel #: 060-007293 Tax Year: 2022 Tax Abatement: No Taxes (Yrly): 34264

Status Change Info

Under Contract Date: 2023-08-16 Sold Date: 2023-11-15 Sold Price: $2,000,000 Sold Price/SqFt: 209.4

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance Heat Fuel: Gas Sewer: Public Sewer Business Type: Retail MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Greater Cols
Listing Agent: Sabrina Roman
Last Updated: March - 01 - 2025
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