Lancaster, OH 43130,1550 Sheridan Drive
Lancaster, OH 43130,1550 Sheridan Drive
Lancaster, OH 43130,1550 Sheridan Drive
Lancaster, OH 43130,1550 Sheridan Drive
Lancaster, OH 43130,1550 Sheridan Drive
Lancaster, OH 43130,1550 Sheridan Drive
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$3,600,000

$3,950,000

8.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

40,000 SqFt


SOLD DATE : 10/01/2024

Key Details

Sold Price $3,600,000

Property Type Commercial

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 40,000 sqft

Price per Sqft $90

Subdivision Colonnade Medical Office Building

MLS Listing ID 223017164

Sold Date 10/01/24

Originating Board Columbus and Central Ohio Regional MLS

Year Built 1972

Annual Tax Amount $52,729

Lot Size 6,969 Sqft

Lot Dimensions 0.16

Property Description

INVESTMENT OPPORTUNITY with this income producing property.

40,000 SF multi-tenant Medical office Condominium building on over 2 acres with parking lot (200 spaces), green space and access road.

Most Suites are on long-term leases. Only two Suites are vacant representing 3000 sf. A Buyer/Owner opportunity to have their own space within the building.

Office Suites have their own parcel number and are taxed separately. Suites range from 1482-1620 sf. with one exception. The largest Suite is 6877 sf.

Net Operating Income is $289,555.

Location

State OH

County Fairfield

Community Colonnade Medical Office Building

Area 0.16

Rooms

Dining Room No

Interior

Heating Forced Air

Equipment No

Others

Tax ID 05-34198-000

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Sherry Orlando RE/MAX ONE

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CJ Churchill

REALTOR® | Lic# 2016002347

+1(614) 208-0642

906 East Broad Street, Columbus, OH, 43205

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