614-595-1144 [email protected]

760 Morrison Road, Gahanna, OH 43230 (MLS# 221021932)


$495,000
760 Morrison Road
Gahanna, OH 43230
MLS# 221021932
Status: Closed
4416 sqft


760 Morrison Road, Gahanna, OH 43230
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760 Morrison Road, Gahanna, OH 43230 760 Morrison Road, Gahanna, OH 43230 760 Morrison Road, Gahanna, OH 43230

Property Description
Well located standalone office building, consisting of three suites. One suite of +/- 1,600 square feet and two suites of +/- 960 square feet. Common bathroom and entryway. Secluded, ravine setting is perfect for a small office use, nonprofit, accountant, legal or other similar uses. Upper suites have balcony views of the wooded areas behind, lower level suite has walk-out. 15+ parking spaces. All units have their own HVAC units. Currently leased to two tenants on MTM basis, and one lease expiring end-of-year. Perfect for an investment or as an owner-user building. Note signage out front along Morrison. Shared driveway entrance with sister building next door with a joint access/driveway agreement in place. Act quickly, won't last long.

Details
Location & Property Info
Original List Price: 495000
Sold Price: $403,000
List Price/SqFt: 112.09
Sub-Type: Office
Street #: 760
Street Name: Morrison
Street Suffix: Road
County: Franklin
City (Mailing Addr): Gahanna
State: OH
Zip Code: 43230
Subdiv/Cmplx/Comm: Morrison Road
Dist To Intersxn: 1.5
Corp LimitPerAuditor: Gahanna
Township: Mifflin
Office/Contract Info
Buy Brkr/Tenant Rep: Yes
BB/TR Amount: 3
BB/TR Amount Type: Percent
Sub Agency: No
Sold Non-MLS: No
Status: Closed
MLS Entry Date: 2021-06-18
Active on MLS: 2021-06-21
For Sale: Yes
Exchange: No
For Lease: No
General Property Info
Previous Use: General Office
Occupancy Rate: 100
Total Available Sqft: 4416
Building Sqft: 4416
Max Cont Sqft Avail: 4416
Minimum Sqft Avail: 4416
# of Floors Above Gr: 1
Total Parking: 15
Year Built Status: 1985
Use Code: 447 - OFFICE BLDG 1 AND 2 STORY
Year Built: 1985
Basement: Yes
Lot Size (Side): 138
Acreage: 0.36
Tax Info
Parcel #: 026-235157
Zoning: C - Commercial
Mult Parcels/Sch Dis: No
Assessment: None Known
Tax Year: 2020
Tax Abatement: No
Taxes (Yrly): 10010
Tax Incentive: No
Status Change Info
Under Contract Date: 2021-07-11
Sold Date: 2021-08-30
Sold Price: $403,000
Sold Price/SqFt: 91.26
Income/Expenses
Gross Income: 63292
Total Expenses: 30874
Net Operating Income: 32418
Suite Info 1
Suite #: A
SQ FT: 960
Suite Info 2
Suite #: B
SQ FT: 960
Suite Info 3
Suite #: c
SQ FT: 1496
Financials
Financials ForYearOf: 2020
Gross Rental Income: 63292
Expenses
R.E. Taxes: 10009
Property Insurance: 1500
Off-Site Management: 3165
Repairs & Maint: 2500
Electricity Expense: 5000
Misc Expenses: 700
Water Expense: 300
Contract Svc Expense: 7700
Misc Int & Ext Info
Parking Ratio: 41000
Auction Info
Auction/Online BiddingY/N: No
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: All
Heat Fuel: Electric
Heat Type: Forced Air; Heat Pump
Services Available: Electric; Sanitary Sewer; Storm Sewer; Water
Building Type: Multi Tenant
Construction: Frame
Sprinkler: None
Miscellaneous: Air Condition
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Capital Ptnrs

Listing Agent: Susanne Casey

Last Updated: August - 31 - 2021


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