2405 Columbus StLancaster, OH 43130

Property Details for 2405 Columbus St

Year built

1997

Lot size

7.21 AC

Property size (Sq ft)

76,509 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

053-22388.10

APU

532238810

Description

This exceptional multi-tenant medical office building in Lancaster, Ohio, presents a unique investment opportunity. Located at 2405 N Columbus St, 43130, this property boasts a total of 23,159 square feet, with significant space currently available for lease. Multiple suites are available, ranging from 1,490 square feet to a maximum contiguous space of 23,159 square feet. Currently, 15,797 square feet are vacant, offering flexibility for various medical practices. The building features a convenient parking ratio of 5 spaces per 1000 square feet. Specific suite availabilities include: Suite 110 (1,490 sq ft available for sublease), Suites 120, 150, and 160 (8,852 sq ft available November 1, 2023), Suite 140 (14,307 sq ft available for sublease), Suite 205 (4,271 sq ft available November 1, 2023), and Suite 235 (2,552 sq ft available). The property also benefits from recently renovated common areas and an on-site surgical center. Generous tenant improvement allowances are available, along with opportunities for custom build-outs to suit specific needs. This Fairfield County location provides excellent access and visibility. The property is categorized as a medical office building with multiple tenancies.

• CAP approach

  CAP return

  Valuation

  6%

  $13,317,867

  6.5%

  $12,293,415

  7%

  $11,415,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,156,652

  Geo Method

  $7,156,652

• Alternative Use

  Use

  Valuation

  Residential

  $15,243,835

  Hospitality

  $13,963,271

  Educational

  $11,617,277

  Medical

  $12,016,813

  Retail

  $18,071,320

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.7411

Longitude

-82.6352

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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