1503-1505 Alum Creek DrColumbus, OH 43209

Property Details for 1503-1505 Alum Creek Dr

Year built

1967

Lot size

0.97 AC

Property size (Sq ft)

11,712 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

010-237789

APU

10237789

Description

This Columbus, Ohio industrial property offers a compelling investment opportunity. The 11,712 square foot building, situated on a 0.97-acre lot at 1503-1505 Alum Creek Dr (APN 010-237789-00), is currently 100% occupied. The property features a single-story, Class C building constructed in 1967 with permitted M zoning. It boasts two loading docks, a new truck dock and doors, and a new drive-in door, enhancing its functionality. The clear height ranges from 8 to 15 feet, and the building is equipped with three-phase 208/400 amp electrical service. The property is conveniently located with easy access to I-70 and other major transportation routes. The asking price is $1,485,000, representing a 6.80% cap rate. The property is currently under a NNN lease, with Unit 1503 (2,000 sq ft) leased until May 2025, and Unit 1505 (9,600 sq ft) available for an owner-user. This presents a unique opportunity for both investors and owner-occupiers seeking a well-located, improved industrial space in a thriving market. The property is a single-tenant building in Franklin County, Ohio, with a zip code of 43209.

• Alternative Use

  Use

  Valuation

  Residential

  $2,259,579

  Hospitality

  $2,069,762

  Educational

  $1,722,018

  Medical

  $1,781,240

  Retail

  $2,678,694

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9413

Longitude

-82.9443

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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