2000 Newark Granville RdGranville, OH 43023

Property Details for 2000 Newark Granville Rd

Year built

2007

Lot size

1.80 AC

Property size (Sq ft)

16,262 SF

Property type

Office properties

Property subtype

Office buildings

APN

020-042348-01.127

APU

2004234801127

Description

This exceptional sublease opportunity presents a 19,456 square foot medical office space located at 2000 Newark Granville Road, Granville, Ohio 43023. Situated within the Offices at Cherrywood, this single-tenant building offers convenient access to both Granville and Newark. The property boasts a generous 1.8-acre lot and ample parking with 100 spaces. The interior is meticulously designed for medical use, featuring four exam rooms, two larger operating rooms equipped with sinks, a dedicated physician's office, a comfortable break area, a nurses' station, and substantial administrative space. Previously occupied by a dermatology practice, the space is move-in ready and well-suited for a variety of medical specialties. The current lease extends until January 2028, providing a subtenant with significant time to establish and expand their practice. The property's APN is 020-042348-01.127. This turnkey solution offers a rare opportunity to secure a prime medical office space in a thriving location. The building is conveniently located on Newark Granville Road. This is an ideal opportunity for a growing medical practice seeking a well-equipped and established space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,092,660

  6.5%

  $2,854,764

  7%

  $2,650,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,521,148

  Geo Method

  $1,521,148

• Alternative Use

  Use

  Valuation

  Residential

  $3,539,907

  Hospitality

  $3,242,536

  Educational

  $2,697,752

  Medical

  $2,790,531

  Retail

  $4,196,502

Location Insight

City

Granville

County

Licking

State

Ohio

Latitude

40.0601

Longitude

-82.4833

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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