489-499 Lancaster Avenue, Reynoldsburg, OH 43068 (MLS# 223026034)

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

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

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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