271-285 S Liberty Street, Powell, OH 43065 (MLS# 223038064)

$2,195,000

271-285 S Liberty Street
Powell, OH 43065
MLS# 223038064
7780 sqft

1 / 66

271-285 S Liberty Street, Powell, OH 43065

Front Building Entrance for 285 S. Liberty St.

First floor Lobby/Reception area 285 S. Liberty St.

First floor Conference Room 285 S. Liberty St.

First floor Central bull pen area with cubicals 285 S. Liberty St.

First floor unisex Bathroom 285 S. Liberty St.

2nd floor Hallway to 4 private offices 285 S. Liberty St.

Rear entrance with ADA compliant access ramp

Poured wall foundation and high ceilings in basement

3 Crawal spaces with concrete floors for storage

271-285 S. Liberty St., Powell, OH 43065

1st floor Conference Room 271 S. Liberty St.

Stairway to 2nd floor 271 S. Liberty St.

2nd floor Office/ Conference Room 271 S. Liberty St.

2nd Floor Full Bathroom 271 S. Liberty St.

Property Description
1.498 Acres with two office buildings located in the Historic District of Downtown Powell, Ohio. 7780 Sq Ft of fully leased office space (As of 11/1/23). Value-add opportunities are definitely here. Both buildings have unfinished basements. 271 S. Liberty St. is situated on close to 1 full acre which would allow for an additional building or significant addition to the existing structure. Rent-Roll available upon request with a signed Confidentiality Agreement. Currently leased at 100% occupancy. All tenants desire to remain in place for the foreseeable future. Current leases will be provided upon receipt of a Letter of Intent and/or Purchase Contract. Zoned DB Downtown Business District. Broker, John Stomps, owns units of the selling entity.

Details

Documents

Location & Property Info

Original List Price: 2195000

List Price: $2,195,000

List Price/SqFt: 282.13

Sub-Type: Office

Street #: 271-285

Street PreDirection: S

Street Name: Liberty

Street Suffix: Street

County: Delaware

City (Mailing Addr): Powell

State: OH

Zip Code: 43065

Subdiv/Cmplx/Comm: Historic District Downtown Powell Ohio

Dist To Intersxn: 0.33

Corp LimitPerAuditor: Powell

Township: Liberty

Office/Contract Info

Buy Brkr/Tenant Rep: Yes

BB/TR Amount: 2.5

BB/TR Amount Type: Percent

Sub Agency: No

SA Amount Type: Dollars

Sold Non-MLS: No

Status: Active

MLS Entry Date: 2023-11-19

For Sale: Yes

Mortgage Balance: 505000

Exchange: Yes

For Lease: No

Lease Rate $/Sq Ft: 16

General Property Info

Previous Use: Office

Occupancy Rate: 100

Total Available Sqft: 7780

Building Sqft: 7780

Max Cont Sqft Avail: 5020

Minimum Sqft Avail: 98

# of Floors Above Gr: 2

Total Parking: 20

Use Code: 447 - OFFICE BLDG 1 AND 2 STORY

Year Built: 2006

Basement: Yes

Lot Size (Side): 290

Acreage: 1.5

Tax Info

Parcel #: 319-431-02-030-000

Zoning: DB

Mult Parcels/Sch Dis: Yes

Addl Parcel Numbers: 319-431-02-029-000

Assessment: None Known

Tax Year: 2022

Tax Abatement: No

Taxes (Yrly): 18931

Tax Incentive: No

Income/Expenses

Gross Income: 136680

Total Expenses: 31099

Net Operating Income: 102581

Expenses Paid by L

Curr Yr Est $/SF LL: 31099

T Reimburses L

Curr Yr Est $/SF TRL: 31099

Financials

Financials ForYearOf: 2024

Gross Rental Income: 139080

Effective Income: 134900

Vac & Cr Loss: 4180

Expenses

R.E. Taxes: 18931

Property Insurance: 2550

Off-Site Management: 8000

Repairs & Maint: 11000

Electricity Expense: 1595

Gas Expense: 1490

Leasing Comm Expense: 3600

Contract Svc Expense: 2640

Misc Int & Ext Info

Parking Ratio: 3

Common Area Factor: 16

Ceiling Height Ft: 9

Ceiling Ht Inches: 102

Auction Info

Auction/Online BiddingY/N: No

Property Features

Addl Acceptance Cond: None Known

T Reimburses L: All

T Contracts Directly: Utilities

Heat Fuel: Gas

Heat Type: Forced Air

Electric: Single Phase

Services Available: Electric; Gas; Sanitary Sewer; Storm Sewer; Water

Building Type: Multi Tenant; Single User

Construction: Frame

Sprinkler: None

Miscellaneous: Air Condition

Alternate Uses: Commercial; Multi-Family; Residential

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Berkshire Hathaway HS Plus Rea

Listing Agent: John Stomps

Last Updated: February - 20 - 2024

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