16645 Sq Dr Marysville, OH 43040-3510
- Manufacturing properties
- 2,911 SF
- 1.45 lot acres
Current Use by Public Records
- The Marysville Union / Addiction Treatment Center
Property Details for 16645 Sq Dr
- Year built
- 1980
- Lot size
- 1.45 lot acres
- Property size
- 2,911 SF
- Property type
- Manufacturing properties
- APN
- 29-0016004.0000
- APU
- 2900160040000
Description
This exceptional 6,661 square foot commercial property in Marysville, Ohio, presents a unique opportunity. Located at 16645 Square Drive, 43040, this special purpose building boasts a compelling blend of modern office space and expansive warehouse capabilities. The front third of the building has undergone a complete renovation, showcasing a striking open-concept design. Features include impressive glass conference rooms, ideal for client meetings or collaborative work. This area exemplifies modern sophistication and functionality. The remaining two-thirds of the building offer substantial warehouse space, perfect for storage, manufacturing, or various operational needs. Significant recent upgrades enhance the property's value and efficiency. These improvements include a modernized electrical system, a new HVAC system, and a state-of-the-art sprinkler system, ensuring both safety and operational excellence. The property sits on a generous 63,162 square foot lot. Built in 1980, this property offers a unique combination of established infrastructure and modern updates, making it an attractive investment at an asking price of $1,200,000 ($180.15 per square foot). The property's prime location in Marysville, Union County, Ohio, provides easy access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a versatile and well-maintained commercial property with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $630,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $600,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $710,000
- Mixed-Use
- $730,000
- Hospitality
- $715,000
- Educational
- $550,000
- Residential Income
- $640,000
- Energy
- $605,000
- Income-Based Land
- $735,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Union
- State
- Ohio
- Longitude
- -83.348
- Latitude
- 40.2422
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA