6463 Proprietors Rd - Flex FOR SALE


Worthington, OH 43085
$1,060,000 USD
270-535-2265
6463 Proprietors Rd, Worthington, OH for Sale
$1,060,000 USD
Flex - FOR SALE
1/22
null | Request Cap Rate

6463 Proprietors Rd
Worthington, OH 43085


HIGHLIGHTS

  • 45% Occupied Office/Warehouse Property: Ideal for Owner User Financing
  • Desirable Worthington Submarket boasting 2.8% vacancy across all Flex product
  • 16% Upside Across the In Place Rental Rate
  • 2.28 Year WALT
  • Separately Parceled Condos

OVERVIEW

6463-6467 Proprietors Rd is comprised of three separately parceled condos totaling 10,089 SF on 0.68 acres located in the city of Worthington. The three buildings can be sold together or separately and include an office, warehouse, and a ranch house. The front office building (6463 Proprietors) is 6,825 SF and contains three separate levels, occupied by long standing medical and traditional office tenants. The building is 66% occupied with the ground level being vacant. The back warehouse (6465 Proprietors) is 2,188 SF and is recently remodeled including new flooring, windows, plumbing, electrical, mechanicals, and resealed roof. The warehouse is fully climate controlled and features a fenced lot allowing for abundant parking or exterior storage. The ranch house is 1,076 SF and contains three bedrooms and one bathroom. The building was recently remodeled including a new roof, new furnace, updated kitchen, flooring, paint, lighting, windows, plumbing, electrical, and siding. This property can be rented to a residential tenant or used as additional office. This is a unique opportunity for a variety of companies to purchase and occupy the remaining available space or for an investor to fill the remaining vacancy and tap into the upside in this tight submarket of Worthington. Broker of Record Matt Wallace License No. REC.2022007141 (OH)

FOR SALE DETAILS

PRICE

$1,060,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

6463-6467 PROPRIETORS RD

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

11.666666666666666 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68

LAND SF

29,621

ZONING

C3

APN/PARCEL ID

100-002216,100-006842,100-006844

ASK ABOUT THIS PROPERTY

Woody WaltonMatthews Real Estate Investment ServicesMore Info
270-535-2265

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Woody WaltonMatthews Real Estate Investment ServicesMore Info
270-535-2265

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