451 Coshocton St Johnstown, OH 43031-9010
- Manufacturing properties
- 53,000 SF
- 13.02 lot acres
Oct 01, 2024
Current Use by Public Records
- Armstrong World Industries - Steel Ceilings / Manufacturer / Roofing Contractor
Property Details for 451 Coshocton St
- Year built
- 1989
- Lot size
- 13.02 lot acres
- Property size
- 53,000 SF
- Property type
- Manufacturing properties
- APN
- 053-172644-00.002
- APU
- 5317264400002
Description
This exceptional Class A industrial property, located at 451 E Coshocton St, Johnstown, OH 43031, presents a compelling investment opportunity. The 125,500 square foot manufacturing facility sits on a 13.03-acre lot and boasts a 28-foot ceiling height, nine loading docks, and four dock-high doors. Built in 1989 and extensively renovated in 2023, the single-story building is currently 100% occupied by a national tenant under a net lease agreement with a corporate guarantee, providing exceptional financial stability. The property benefits from a 10-year, 100% tax abatement on a recent 75,000 square foot addition, further enhancing its investment appeal. The asking price is $12,600,000, representing a compelling $100.40 per square foot and a 7.00% cap rate. The property is zoned M and offers significant potential for long-term growth and return. The tenant's long history (over 160 years) and the strong lease terms make this a truly exceptional investment opportunity in a prime Ohio location. The occupancy date is June 13, 2023.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Licking
- State
- Ohio
- Longitude
- -82.6769
- Latitude
- 40.1566
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
