Columbus, OH 43229,4795 Evanswood Drive
Columbus, OH 43229,4795 Evanswood Drive
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$550,000

$800,000

31.3%
Est.Price: ?

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Est. payment /mo

28,320 SqFt


SOLD DATE : 11/15/2024

Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 28,320 sqft

Price per Sqft $19

MLS Listing ID 212029108

Sold Date 11/15/24

Originating Board Columbus and Central Ohio Regional MLS

Year Built 1973

Annual Tax Amount $11,589

Lot Size 2.110 Acres

Lot Dimensions 2.11

Property Description

Leased investment. 19.01% cap rate (with 33% vacancy). 28,320 SF 3 story off bldg with the 1st & 2nd floors leased to Focus Learning Academy of Northern Columbus, a K-8 community charter school. Current income =$190,800/year ($15,900/mo.) for 18,200 SF. Charter School has 1st right of refusal for 3rd floor for expansion. Landlord responsible for HVAC,structure,taxes (2/3 of taxes are exempt) & light bulbs. There is tremendous upside with lease up of the 3rd floor.

Location

State OH

County Franklin

Area 2.11

Zoning M

Rooms

Dining Room No

Interior

Equipment No

Others

Tax ID 010-005470

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Listed by Douglas T Tenenbaum Howard Hanna Real Estate Svcs

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CJ Churchill

REALTOR® | Lic# 2016002347

+1(614) 208-0642

906 East Broad Street, Columbus, OH, 43205

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