2040 Brice RdReynoldsburg, OH 43068

Property Details for 2040 Brice Rd

Year built

1973

Lot size

1.36 AC

Property size (Sq ft)

21,448 SF

Property type

Office properties

Property subtype

Office buildings

APN

060-002387

APU

60002387

Description

This exceptional commercial property, located at 2040 Brice Road in Reynoldsburg, Ohio, presents a significant investment opportunity. The building, constructed in 1974, encompasses 21,266 square feet across two stories within a single building situated on a 1.38-acre lot. Its classification as a Class C office space reflects its solid functionality and potential for renovation or modernization. The property boasts a highly convenient location, offering quick access to Interstate 70 and proximity to Downtown Columbus, approximately a 10-minute commute. The surrounding area is rich with amenities, enhancing its appeal to both tenants and investors. First-floor office space is currently available for lease, presenting immediate income potential. Ample surface parking is provided for tenants and visitors, a significant advantage in this location. Furthermore, the property offers excellent signage opportunities, enhancing visibility and brand recognition. The sale price is available upon request. This property is ideal for businesses seeking a well-located, functional office space with significant growth potential in a thriving area. The property's size and location make it suitable for a variety of commercial uses. The 1.38-acre lot provides ample space for expansion or future development. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,733,438

  6.5%

  $3,446,250

  7%

  $3,200,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,006,246

  Geo Method

  $2,006,246

• Alternative Use

  Use

  Valuation

  Residential

  $4,273,350

  Hospitality

  $3,914,366

  Educational

  $3,256,706

  Medical

  $3,368,710

  Retail

  $5,065,988

Location Insight

City

Reynoldsburg

County

Franklin

State

Ohio

Latitude

39.9389

Longitude

-82.8296

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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