1713 Hill RdPickerington, OH 43147

Property Details for 1713 Hill Rd

Year built

1989

Construction

STEEL FRAME

Lot size

6.24 AC

Property size (Sq ft)

45,476 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

041-02413.10

APU

410241310

Description

This exceptional retail opportunity is located within the Shoppes at Turnberry, a well-established shopping center in Pickerington, Ohio. The property, situated at 1713 Hill Rd N, 43147, boasts a total of 46,190 square feet across one building. Currently, a 7,700 square foot space is available for lease, formerly occupied by a Goodwill Department Store. The space is in excellent condition, both inside and out, and benefits from high visibility due to its location at a signalized intersection of Hill Rd N (Route 256) and Tussing Road, experiencing massive traffic counts of 71,500 vehicles per day. Easy ingress and egress are key features, enhancing accessibility for customers. The property sits on a 6.24-acre lot and is professionally managed by local ownership. The landlord is offering friendly lease terms and NNN charges of $5.00 per square foot per year. The space is available December 1, 2024, and the owner is willing to subdivide the space into 2-3 smaller units to accommodate various tenant needs. This irreplaceable location offers excellent street signage and is part of an established neighborhood shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $11,636,483

  6.5%

  $10,741,369

  7%

  $9,974,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,719,639

  Geo Method

  $10,719,639

• Alternative Use

  Use

  Valuation

  Residential

  $9,060,746

  Hospitality

  $8,299,595

  Educational

  $6,905,166

  Medical

  $7,142,645

  Retail

  $10,741,369

Location Insight

City

Pickerington

County

Fairfield

State

Ohio

Latitude

39.928

Longitude

-82.7893

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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