925 State StWesterville, OH 43082

Property Details for 925 State St

Year built

2000

Lot size

4.63 AC

Property size (Sq ft)

41,677 SF

Property type

Office buildings

APN

317-342-02-002-000

APU

31734202002000

Description

This exceptional Westerville, Ohio property offers a unique investment opportunity. The 4.63-acre lot boasts a 36,285 square foot, single-tenant building situated at 925 N. State St, conveniently located at the intersection of N State St and Polaris Woods Blvd. The building, constructed in 2000 and remodeled in 2013, features a single suite of approximately 2,355 square feet, ideal for office or retail use. The property includes 101 parking spaces, with 8 designated for ADA accessibility. The building is equipped with a fully wet sprinkler system, enhancing safety and security. Access is convenient, with a traffic signal entrance on N. State St and access through the adjacent Meijer. The property is zoned PCC (Planned Community Commercial), offering flexibility for various commercial uses. The lot size provides ample space for expansion or future development. The Delaware County location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent Westerville presence. The property's APN is 317-342-02-002-000. This is a rare opportunity to acquire a well-maintained commercial property in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,849,890

  6.5%

  $7,246,052

  7%

  $6,728,477

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,898,466

  Geo Method

  $3,898,466

• Alternative Use

  Use

  Valuation

  Residential

  $8,985,105

  Hospitality

  $8,230,308

  Educational

  $6,847,520

  Medical

  $7,083,016

  Retail

  $10,651,697

Location Insight

City

Westerville

County

Delaware

State

Ohio

Latitude

40.1507

Longitude

-82.9226

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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