3645 North High Street , Columbus, OH

Shopping Center for Sale - $2,950,000 - 5,942 Sq. Ft. on 25308 acres


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Agent Info

NameKevin Boasberg

Property Info

CIMLS #1026057
Location3645 North High Street
Columbus OH 43214
Last UpdatedSeptember 11th, 2018
TypeShopping Center
Price$2,950,000
Building5,942 Sq. Ft.
Land25308 acres
DemographicsView data

Contact


Property Description

Commercial Real Estate Network is pleased to offer for sale The Clintonville Commons. This vibrant three tenant shopping center of approximately +- 5,942 square feet, 100% percent occupied located in Clintonville, a suburb of Columbus, Ohio. Anchored by Chase Bank, Sbarro (Rare Drive-Thru location) and Phia Hair Salon, the property offers a stable and dynamic tenant mix. This shopping center features a diverse income stream that includes two national tenants. This property is ideally positioned to take advantage of the highly trafficked thoroughfare North High Street. Clintonville Commons offers an investor an opportunity to acquire a retail shopping center with several national tenants in a prime Columbus location. To the local residents, this asset is a pedestrian destination to the adjacent neighborhood. Located on a Commercial Corridor, the Clintonville Commons is only ten minutes away from The Ohio State University, one of the country' s largest public universities, with an enrollment of over 66,000 students. Nearby retailers included Kroger’s Supermarket, Starbucks, Pizza Hut, Wendy’s, AutoZone and Verizon.

Broker of Record - John Hoty Enterprises Inc. OH#2001013563


Financials

Offering Summary:

Price: $2,950.000

Cap Rate: 5.9%(09/01/18)/6.0%(12/01/18)

Net Operating Income: $174,868.80/$176,589.80

Occupancy: 100%

Building Size SF: 5,942

Price/SF: $496.47

Total Land SF: 25,308

Ownership: Fee Simple

Zoning: Commercial

Parking Spaces: +- 37 plus 2 Handicap

Parking Ratio: 6.23: 1,000 SF

APN: 010-058704

Number of Stories: One

Number of Buildings: One

Year Built: 2004


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