201 Yellow Springs St Springfield, OH 45504
- Office Properties & Spaces
- 6,600 SF
- 0.71 lot acres
Current Use by Public Records
- BrightView / Alcoholism Treatment Program / Rehabilitation Center
- Carlene Westfall / Internist / Pain Management Physician
- Jennifer Strine / Nurse Practitioner
- Charles Armstrong / Counselor
Property Details for 201 Yellow Springs St
- Year built
- 2002
- Lot size
- 0.71 lot acres
- Property size
- 6,600 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This 6,600 square foot medical office building, located at 201 N Yellow Springs St, Springfield, OH 45504, presents a compelling investment opportunity. Built in 2002 and completely renovated in 2019, including a new HVAC system, the property boasts a strong tenant, Brightview Health, a major provider in the medical rehabilitation industry. The 0.71-acre lot provides ample parking with 49 spaces. The building is zoned CC-2 and features annual rent increases, boosting the cap rate yearly. An additional $550 monthly income stream is available through June 2024, separate from the net operating income. Minimal landlord responsibilities and excellent condition make this a low-maintenance investment. The asking price is $1,569,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.8198
- Latitude
- 39.9281