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
Overview
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.
Listing Details MLS# 223026034
Location Property Info
- Original List Price
- 2500000
- Property Sub Type
- Retail
- Street #
- 489-499
- Street Name
- Lancaster
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43068
- Township
- Truro
OfficeContract Info
- 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
- Yes
- Total Parking
- 80
- Year Built
- 1988
- Use Code
- 458 - GAS STATION/CONVENIENT STORE
- Acreage
- 2.1
- # of Docks
- 0
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/SqFt
- 209.4
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 261.75
- City (Mailing Addr)
- Reynoldsburg
- Dist To Interchange
- 2
- Corp LimitPerAuditor
- Reynoldsburg
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property 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.
Income/Expenses
- Gross Income
- 181382.64
- Net Operating Income
- 147118.48
- Total Expenses
- 34264.16
Addl Acceptance Cond
- None Known
- Yes
Expenses Paid by L
- Building Insurance
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Heat Fuel
- Gas
- Yes
Sewer
- Public Sewer
- Yes
Business Type
- Retail
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 L Roman
Last Updated: March - 01 - 2025
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