134 Oak StLondon, OH 43140

Property Details for 134 Oak St

Year built

1930

Lot size

0.68 AC

Property size (Sq ft)

3,936 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

31-02759.000

APU

3102759000

Description

This exceptional 3,616-square-foot industrial property in London, OH, offers a versatile blend of warehouse and office space, ideal for a variety of businesses. The space includes 2,320 square feet of warehouse/flex space featuring a convenient 8'x8' drive-in roll-up door with a separate man door for easy access. An additional 600 square feet of office space provides ample room for administrative tasks or a showroom. Three half-bathrooms add to the property's functionality. Located in a prime downtown London location, this property enjoys close proximity to Fastenal's London fulfillment center and Dwyer Bros. hardware store, among other commercial businesses. The property benefits from a competitive net lease structure, where the tenant is responsible for a pro-rata share of property taxes and all utilities. Immediate occupancy is available, and lease terms and pricing are negotiable. The property's strategic location and flexible layout make it an excellent opportunity for contractors, trades businesses, hobbyists, or any user requiring both storage and office space. The easy access provided by the drive-in roll-up door and side door makes loading and unloading materials efficient and straightforward. This single-tenant property presents a compelling opportunity for businesses seeking a functional and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $864,902

  6.5%

  $798,371

  7%

  $741,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $927,797

  Geo Method

  $927,797

• Alternative Use

  Use

  Valuation

  Residential

  $673,456

  Hospitality

  $616,882

  Educational

  $513,238

  Medical

  $530,889

  Retail

  $798,371

Location Insight

City

London

County

Madison

State

Ohio

Latitude

39.8829

Longitude

-83.4459

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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