560 Cleveland AveWesterville, OH 43082
- Office properties
- 19,840 SF
Property Details for 560 Cleveland Ave
- Year built
- 2007
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 19,840 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 317-333-01-006-002
- APU
- 31733301006002
Description
This exceptional 19,840 square foot medical office building, constructed in 2007, is situated at 560 N Cleveland Ave in Westerville, Ohio, 43082. The property boasts a convenient location just south of Polaris Parkway in the Westar/Medical Mile area, benefiting from high visibility and proximity to a significant concentration of medical professionals. Currently, there is 19,015 square feet of vacant space available, offering flexible options for tenants. Divisible spaces range from a minimum of 2,011 square feet to a maximum contiguous space of 9,938 square feet. The building features two stories, with 9,938 square feet available on the first floor and 9,077 square feet on the second floor. The building offers excellent parking with 80 spaces available for tenants and visitors. The property is ideal for medical practices seeking high-quality space in a thriving medical corridor. Building signage opportunities are available on Cleveland Avenue, providing excellent visibility for your business. The location benefits from the presence of 50 referring primary care physicians in the immediate vicinity, creating a strong referral network for potential tenants. This is a rare opportunity to secure prime medical office space in a highly desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,736,877
- 6.5%
- $3,449,425
- 7%
- $3,203,037
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,855,834
- Geo Method
- $1,855,834
-
Alternative Use
- Use
- Valuation
- Residential
- $4,277,287
- Hospitality
- $3,917,972
- Educational
- $3,259,706
- Medical
- $3,371,813
- Retail
- $5,070,654
Location Insight
- City
- Westerville
- County
- Delaware
- State
- Ohio
- Latitude
- 40.1407
- Longitude
- -82.9462
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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