451 Coshocton StJohnstown, OH 43031

Property Details for 451 Coshocton St

Year built

1989

Lot size

13.02 AC

Property size (Sq ft)

53,000 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

053-172644-00.002

APU

5317264400002

Description

This exceptional Class A industrial property, located at 451 E Coshocton St, Johnstown, OH 43031, presents a compelling investment opportunity. The 125,500 square foot manufacturing facility sits on a 13.03-acre lot and boasts a 28-foot ceiling height, nine loading docks, and four dock-high doors. Built in 1989 and extensively renovated in 2023, the single-story building is currently 100% occupied by a national tenant under a net lease agreement with a corporate guarantee, providing exceptional financial stability. The property benefits from a 10-year, 100% tax abatement on a recent 75,000 square foot addition, further enhancing its investment appeal. The asking price is $12,600,000, representing a compelling $100.40 per square foot and a 7.00% cap rate. The property is zoned M and offers significant potential for long-term growth and return. The tenant's long history (over 160 years) and the strong lease terms make this a truly exceptional investment opportunity in a prime Ohio location. The occupancy date is June 13, 2023.

• Alternative Use

  Use

  Valuation

  Residential

  $11,537,022

  Hospitality

  $10,567,851

  Educational

  $8,792,328

  Medical

  $9,094,709

  Retail

  $13,676,954

Location Insight

City

Johnstown

County

Licking

State

Ohio

Latitude

40.1566

Longitude

-82.6769

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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