For Sale
$780,000

1130 Vester AveSpringfield, OH 45503

High-yield office building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-story, 13,424 square foot Class B office building located at 1130 Vester Ave., Springfield, OH 45503. The property boasts a strong 12.68% capitalization rate and a current net operating income (NOI) of $98,912, with an asking price of $780,000 ($58.10/sq ft). Built in 1976, this multi-tenant building is currently 100% occupied under a modified lease structure. Recent improvements include a brand new elevator, a newer roof, updated flooring and paint in several units, and a modern security system. The attractive brick building offers ample parking and is conveniently situated near major roadways, shopping centers, restaurants, and other amenities. This property represents a compelling investment opportunity for those seeking a high-yield, well-maintained commercial asset in a desirable location. The building features two stories and is a traditional office space.

Property Details for 1130 Vester Ave

Property type
Office properties
Square Feet
13,424 SF
Class
B
Year Built
1976
Stories
2

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9642017
Longitude
-83.7872479
1130 Vester Ave, Springfield, Ohio

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1130 Vester Ave
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