5885 Haughn RdGrove City, OH 43123

Property Details for 5885 Haughn Rd

Year built

2002

Lot size

5.33 AC

Property size (Sq ft)

12,000 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

040-010580

APU

40010580

Description

This exceptional self-storage facility presents a compelling investment opportunity in the thriving Grove City, Ohio market. Located on a 5.33-acre lot at 5885 Haughn Rd, 43123, this property boasts 22,800 square feet of rentable space, distributed across two buildings constructed in 1985. Currently housing 163 units and 137 parking spaces, the facility enjoys a remarkable 95% occupancy rate, generating a net cash flow exceeding $200,000 annually. The property features all-steel construction, paved roads, drive-up access, a security gate, security cameras, and an electronic gate with alarm systems. Its strategic location offers highway visibility just before the Rt. 665 exit on I-71 South, ensuring high exposure. Further enhancing its appeal are large RV parking spaces. Existing infrastructure, including an underground stormwater catch basin, significantly reduces expansion costs, estimated at over $100,000. Approved zoning (C) allows for expansion plans to double the size, adding approximately 340 new storage spaces and increasing RV parking to 30 spaces. The property's strong performance, coupled with significant expansion potential, makes it an attractive investment with a 4.55% cap rate and an asking price of $3,900,000. The Franklin County location and the property's APN is 040-010580.

• Alternative Use

  Use

  Valuation

  Residential

  $2,186,361

  Hospitality

  $2,002,695

  Educational

  $1,666,219

  Medical

  $1,723,523

  Retail

  $2,591,896

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8456

Longitude

-83.0906

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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