247 Burnett RdSpringfield, OH 45505

Property Details for 247 Burnett Rd

Year built

1972

Construction

BRICK

Lot size

2.70 AC

Property size (Sq ft)

27,072 SF

Property type

Office properties

Property subtype

Other office properties

APN

340-07-00022-120-054

APU

3400700022120054

Description

This well-maintained, Class B medical office building in Springfield, OH, offers multiple suites for lease, totaling 27,072 square feet. Located conveniently off S. Burnett Rd and E. High St, it's just three miles from I-70 and two miles from downtown, benefiting from proximity to Dayton and Columbus. The building, constructed in 1972 and extensively renovated in 2018 ($600,000 in upgrades), features a new roof, exterior siding, updated LED lighting, remodeled common areas, modernized restrooms, and an updated elevator. Suites range from 2,666 to 2,838 contiguous square feet, with 5,504 square feet currently vacant. The 2.7-acre lot is zoned CO-1, offering flexible floor plans adaptable to various medical or office uses. The building boasts a two-story design and is situated near numerous amenities, including restaurants, financial institutions, and grocery stores. This is an exceptional opportunity for medical professionals or businesses seeking a well-equipped and conveniently located office space. The property features a single building with multiple tenants and offers a minimum divisible space of 2,666 square feet. The building's APN is 34-00700-02212-0054.

• CAP approach

  CAP return

  Valuation

  6%

  $5,194,704

  6.5%

  $4,795,111

  7%

  $4,452,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $533,048

  Geo Method

  $533,048

• Alternative Use

  Use

  Valuation

  Residential

  $5,945,938

  Hospitality

  $5,446,447

  Educational

  $4,531,380

  Medical

  $4,687,221

  Retail

  $7,048,814

Location Insight

City

Springfield

County

Clark

State

Ohio

Latitude

39.9199

Longitude

-83.7707

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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