$715,000
$729,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 02/26/2024
Key Details
Sold Price $715,000
Property Type Commercial
Sub Type Other Com
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 223002636
Sold Date 02/26/24
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1969
Annual Tax Amount $10,149
Lot Size 0.320 Acres
Lot Dimensions 0.32
Property Description
**Please be discreet and do not disturb the ongoing business or employees**
This is a fantastic opportunity for an I.R.S Section 1031 Like-Kind Exchange replacement property. The property is currently leased through the end of 2025 with two 2-year options, to Gentle Foot Care, LLC. Gentle Foot Care, LLC leases 4,000 Sf of the 8,000 Sf property. The current base rent is $4,500 per month plus $1,799.73 per month in Taxes and Insurance. Beginning year 3 the lease contains 2% annual increases. Lease originated 1/01/2021 through 12/31/2025. There are two additional gross leases of $1,500/Month each for a total of $3,000/Month. One lease is through March of 2026 (1,800 Sf) Gentle Foot Care, LLC and the other is October of 2025 (1,200 Sf) Foot and Ankle Specialists, LLC.
Location
State OH
County Franklin
Area 0.32
Rooms
Dining Room No
Interior
Equipment No
Others
Tax ID 010-143138
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