For Sale
$1,569,000

201 Yellow Springs St Springfield, OH 45504

6,600 SF Medical Office, Excellent Condition

Overview

Added:
Dec 11, 2024
Days on market:
138
This 6,600 square foot medical office building, located at 201 N Yellow Springs St, Springfield, OH 45504, presents a compelling investment opportunity. Built in 2002 and completely renovated in 2019, including a new HVAC system, the property boasts a strong tenant, Brightview Health, a major provider in the medical rehabilitation industry. The 0.71-acre lot provides ample parking with 49 spaces. The building is zoned CC-2 and features annual rent increases, boosting the cap rate yearly. An additional $550 monthly income stream is available through June 2024, separate from the net operating income. Minimal landlord responsibilities and excellent condition make this a low-maintenance investment. The asking price is $1,569,000.

Highlights

  • Totally renovated in 2019, including a new HVAC system.
  • Annual rent increases boost the cap rate.
  • Leased to Brightview Health, a major medical rehabilitation provider.
  • Ample parking with 49 spaces on a 0.71-acre lot.

Property Details for 201 Yellow Springs St

Property type
Office properties, Medical offices
Square Feet
6,600 SF
Year Built/Renovated
2002/2019
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9281393
Longitude
-83.8197596

FAQs

What type of property is this?
Office property - 6,600 SF Medical Office, Excellent Condition
Where is the office property located?
The property is located at 201 Yellow Springs St Springfield, OH.
What is the asking price?
The asking price for this property is $1,569,000.
What are key features of this property?
This property features: Totally renovated in 2019, including a new HVAC system.; Annual rent increases boost the cap rate.; Leased to Brightview Health, a major medical rehabilitation provider.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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201 Yellow Springs St
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