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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
