1240 E Main St - Office FOR SALE


Springfield, OH 45503
$1,300,000 USD
937-339-2300
1240 E Main St, Springfield, OH for Sale
$1,300,000 USD
Office - FOR SALE
1/38
null | 8.76% Cap Rate

1240 E Main St
Springfield, OH 45503


HIGHLIGHTS

  • Upside Potential Remains
  • On-site, private parking
  • Approximately 20,000 VPD driving right past the building

OVERVIEW

9% Return on Investment Occupancy Now 73% Seller started with five leasable units but divided unit 101 and unit 201 and reconfigured unit 200 to shared space taking the total leasable units to 11 in an attempt to mitigate risk and respond to market demand for smaller units. Seller will guaranty the rent for unit 100 for one year. Upside potential remains with the incubator spaces filling quickly. NOI is $113,854. CALL NOW!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

8.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tower Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CO-1

APN/PARCEL ID

34-00700-02932-4017

ASK ABOUT THIS PROPERTY

Tammy LambertBruns Realty GroupMore Info
937-339-2300

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Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.