19411 Us Highway 23Circleville, OH 43113

Property Details for 19411 Us Highway 23

Year built

1991

Construction

TYPE NOT SPECIFIED

Lot size

9.19 AC

Property size (Sq ft)

5,848 SF

Property type

Gas stations

APN

A02-0-001-00-047-00

APU

A0200010004700

Description

This exceptional mixed-use property, situated just fifteen miles south of Columbus, Ohio, presents a unique investment opportunity. Boasting a total of 9,898 square feet on an expansive 83.66-acre lot, this turnkey commercial space offers a blend of modern retail and versatile workshop areas. The property enjoys a highly visible location, experiencing traffic exceeding 33,000 vehicles daily. The retail space encompasses approximately 6,000 square feet, featuring eight private offices, a glass-enclosed conference room, five bathrooms, a sophisticated kitchen, and stylish high-gloss epoxy floors. A flexible space with its own bathroom and washer/dryer adds to the property's versatility. The 4,000-square-foot workshop is equipped with three 14x14-foot overhead doors and one 12x10-foot door, ideal for various commercial applications. Four acres of the property are dedicated to surface parking, providing ample space for customers and employees. The property's substantial size allows for significant expansion potential, catering to future growth and product display needs. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property with significant acreage in a thriving location. The asking price is $3,700,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,158,840

  6.5%

  $1,069,700

  7%

  $993,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $568,903

  Geo Method

  $568,903

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,120,510

  Mixed-Use / Specialty

  $1,051,960

  Hospitality / Lodging

  $753,645

  Office

  $1,031,190

  Institutional / Educational

  $1,088,630

  Residential Income

  $1,273,700

  Multifamily

  $1,604,850

  Automotive / Energy

  $933,111

  Parking / Income-Based Land

  $335,772

  Restaurant / Food Service

  $517,392

  Healthcare / Senior Housing

  $1,093,050

Location Insight

City

Circleville

County

Pickaway

State

Ohio

Latitude

39.6513

Longitude

-82.959

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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