132 Center StPlain City, OH 43064

Property Details for 132 Center St

Lot size

0.12 AC

Property type

Auto shops

APN

04-00240.000

APU

400240000

Description

This exceptional 5,340-square-foot commercial property at 132 Center Street in Plain City, Ohio, presents a unique investment opportunity. Built in 1987, this special-purpose building sits on a spacious 18,730.8-square-foot lot and is priced at $525,000 ($98.31 per square foot). The property boasts a long and successful history as a family-owned auto body shop for over four decades, showcasing a clean and well-maintained facility. The main level features a showroom and eight vehicle access points, including six garage doors, providing ample space for operations. A substantial second-story area offers significant potential for expansion or repurposing, while the large lot ensures ample on-site parking. The property's convenient location, just minutes from Dublin and Columbus, offers excellent access to a thriving market and a large customer base. This turnkey operation is ready for a new owner to continue its legacy or adapt it to a new business venture. The entire 5,340 square feet is net rentable, providing maximum usable space. This is a rare opportunity to acquire a well-established business in a prime location. Don't miss out on this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,081,000

  6.5%

  $997,847

  7%

  $926,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,251,678

  Geo Method

  $1,251,678

• Alternative Use

  Use

  Valuation

  Residential

  $841,721

  Hospitality

  $771,012

  Educational

  $641,473

  Medical

  $663,534

  Retail

  $997,847

Location Insight

City

Plain City

County

Madison

State

Ohio

Latitude

40.1033

Longitude

-83.2657

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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