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600 Lakeview Plaza BlvdWorthington, OH 43085

50,000 SF Flex Space, High Occupancy Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 50,418-square-foot office-warehouse property presents a compelling investment or owner-occupant opportunity in Worthington, Ohio. Situated on a 5.89-acre lot, this two-story brick building boasts 220 parking spaces and prominent freeway signage visible from I-270, benefiting from an average vehicle passing daily exceeding 163,950. Built in 1998, the Class B property features a mix of high-end office space and warehouse area, including loading docks and drive-in doors. Recent improvements include a new roof and parking lot. The building is equipped with a backup generator and a sprinkler system. Currently 50% occupied, this multi-tenant property offers a value-add opportunity due to below-market rents. The property is zoned Industrial (I-1) within the City of Worthington and has a Franklin County parcel number 100-005938-00. The building offers 47,530 rentable square feet and benefits from long-term credit tenants. An 8% cap rate makes this a strong investment prospect. This property is a dynamic asset in a prime Columbus suburban location.

Highlights

  • Value-add opportunity with below-market rents and 52% occupancy.
  • Below replacement cost purchase price.
  • Two-story brick office/warehouse building, constructed in 1998.
  • Franklin County parcel number 100-005938-00.
  • 50,418 square-foot building on 5.89 acres with 220 parking spaces.
  • High-visibility building signage from I-270, with over 163,950 average vehicles per day.

Property Details for 600 Lakeview Plaza Blvd

Property type
Warehouses, Office properties
Square Feet
50,418 SF
Class
B
Year Built
1998
Buildings
1
Stories
2
Lot Size (sq. ft)
256,568 SF

Location Insight

City
Worthington
County
Franklin
State
Ohio
Latitude
40.1145697
Longitude
-83.0013049
600 Lakeview Plaza Blvd, Worthington, Ohio

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600 Lakeview Plaza Blvd
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