5441 Westerville Road, Westerville, OH 43081

$1,040,000
Property Type: Commercial Lease Square Footage: 9,208 Lot Size (sq. ft.): 45,302 Status: Closed
Current Price: $1,040,000 List Date: 1/14/2022 Last Modified: 2/21/2025

Overview

Description

7.5 Cap! Great opportunity for an investor or owner operator to own a high quality, versatile property, located in one of Columbus' best suburbs. The property offers multiple ways of producing income, consisting of warehouse, retail, and office space.There is a combined total of 9,208 SF between the mixed use building and the prefab warehouse situated on 1.04 acres. The property features over $200,000 in updates including cabinets, floors, electric, HVAC, and more. There are 8 individual storage units attached to the property and over 30 parking spaces. The property sits on a high traffic street with great signage and is conveniently located near I-270 and 161.

Listing Details MLS# 221048541

Location Property Info

Original List Price
1100000
Property Sub Type
Mixed Use
Street #
5441
Street Name
Westerville
Street Suffix
Road
County
Franklin
State
OH
Zip Code
43081
Township
Blendon

OfficeContract Info

MLS Entry Date
2021-12-27

General Property Info

Total SqFt Available
9208
Bldg Sq Ft
9208
Max Cont Sqft Avail
9208
Minimum Sqft Avail
2000
# of Floors Above Gr
2
Year Built
1963
Acreage
1.04
# of Docks
0

Tax Info

Parcel #
110-000366
Tax Year
2020
Tax Abatement
No
Taxes (Yrly)
12570

Status Change Info

Under Contract Date
2022-05-11
Sold Date
2022-05-23
Sold Price/SqFt
112.95

Auction Info

Auction/Online Bidding Y/N
No

More Information

Location & Property Info

List Price/SqFt
119.46
City (Mailing Addr)
Westerville
Corp LimitPerAuditor
Westerville

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
Yes
Lease Rate $/Sq Ft
12

Remarks & Misc

Property Description
7.5 Cap! Great opportunity for an investor or owner operator to own a high quality, versatile property, located in one of Columbus' best suburbs. The property offers multiple ways of producing income, consisting of warehouse, retail, and office space.There is a combined total of 9,208 SF between the mixed use building and the prefab warehouse situated on 1.04 acres. The property features over $200,000 in updates including cabinets, floors, electric, HVAC, and more. There are 8 individual storage units attached to the property and over 30 parking spaces. The property sits on a high traffic street with great signage and is conveniently located near I-270 and 161.

Income/Expenses

Gross Income
128196
Net Operating Income
82732.47
Total Expenses
45463.53

Addl Acceptance Cond

None Known
Yes

Expenses Paid by L

Building Insurance
Yes
Cam
Yes
RE Taxes
Yes

T Reimburses L

Janitorial
Yes
Utilities
Yes
Curr Yr Est $/SF TRL
0

Construction

Block
Yes

Business Type

Auto Service
Yes
Industrial
Yes
Professional/Office
Yes
Retail
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known Expenses Paid by L: Building Insurance; Cam; RE Taxes T Reimburses L: Janitorial; Utilities Construction: Block Business Type: Auto Service; Industrial; Professional/Office; Retail MLS Primary PhotoSrc: Realtor Provided
Listing Office: Howard Hanna Real Estate Svcs
Listing Agent: Woodrow Walton
Last Updated: February - 21 - 2025
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