1684 Brice RdReynoldsburg, OH 43068

Property Details for 1684 Brice Rd

Year built

1959

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

1,755 SF

Property type

Office properties

Property subtype

Office buildings

APN

060-002700

APU

60002700

Description

This exceptional 0.21-acre commercial land parcel, located at 1684 Brice Road, Reynoldsburg, Ohio 43068 (APN 060-002700), presents a unique investment opportunity. The property features a single-tenant building with a total of 1,755 square feet, offering two available office/medical suites, each approximately 110 square feet. These suites are equipped with water, drainage, and vacuum lines, reflecting their previous use as part of a dental office. One suite is a blank canvas, featuring multiple outlets, while the other includes pre-installed cabinets and a sink, perfect for a small treatment room. Tenants will enjoy shared access to a kitchenette and two bathrooms. The building is ADA-approved and offers convenient wheelchair access, along with ample parking for 10 vehicles. Tenants will share responsibility for a portion of utilities, the exact amount to be determined based on usage. Flexible lease terms are available, ranging from 2 to 7 years. Each suite can be leased individually or together, providing versatility for potential tenants. The property's location near Roselawn Ave adds to its appeal. This is an excellent opportunity for a medical professional or business seeking a well-equipped, conveniently located space in a thriving Ohio community.

• CAP approach

  CAP return

  Valuation

  6%

  $305,492

  6.5%

  $281,992

  7%

  $261,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $164,163

  Geo Method

  $164,163

• Alternative Use

  Use

  Valuation

  Residential

  $349,670

  Hospitality

  $320,296

  Educational

  $266,483

  Medical

  $275,647

  Retail

  $414,529

Location Insight

City

Reynoldsburg

County

Franklin

State

Ohio

Latitude

39.9457

Longitude

-82.8292

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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