963 Worthington Woods Loop RdColumbus, OH 43085

Property Details for 963 Worthington Woods Loop Rd

Year built

2002

Construction

WOOD

Lot size

0.03 AC

Property size (Sq ft)

1,200 SF

Property type

Office properties

APN

610-266019

APU

610266019

Description

This Columbus, Ohio commercial property offers a unique investment opportunity with four individual office units totaling 10,800 square feet on a 10,018.8 square foot lot. Each of the four units, located at 959, 963, 967, and 971 Worthington Woods Loop Road (43085), comprises 1,200 square feet, features a private entrance, back patio access, restrooms, offices, conference rooms, and a lobby area. The solid brick ranch-style building was constructed in 2002 and is currently occupied by the owner, but plans are in place to potentially reconfigure the space into two larger 2,400 square foot units. Numerous recent updates have been completed. This versatile space is ideal for a variety of small businesses, including medical practices, legal firms, financial institutions, or accounting firms. The property enjoys a convenient location near major roadways including routes 23, 270, Worthington Galena Road, Campus View Boulevard, and Sancus Boulevard. The asking price is $350,000, representing a price per square foot of $72.92. Each unit has its own parcel number, offering flexibility and potential for individual sale or lease. This is a turnkey opportunity for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $163,141

  6.5%

  $150,591

  7%

  $139,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $112,248

  Geo Method

  $112,248

• Alternative Use

  Use

  Valuation

  Residential

  $186,733

  Hospitality

  $171,047

  Educational

  $142,309

  Medical

  $147,203

  Retail

  $221,369

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.1188

Longitude

-82.9906

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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