7619 E Main Street, Reynoldsburg, OH 43068 (MLS# 219010431)

$995,000

7619 E Main Street
Reynoldsburg, OH 43068
MLS# 219010431
Status: Closed
9840 sqft

1 / 5

Property Description
Plaza Center Hard to find multi-tenant neighborhood retail center in the heart of Reynoldsburg for sale! Frontage on E. Main St., a major thoroughfare with traffic count of 20,619. Good visibility. Signage above units in addition to pylon signage along the E. Main St. frontage. 5 units with 9,840 square feet. Separated utilities. 8.57% capitalization rate. Management in place.

Details

Location & Property Info

Original List Price: 1200000

Sold Price: $930,000

List Price/SqFt: 413.79

Sub-Type: Retail

Street #: 7619

Street PreDirection: E

Street Name: Main

Street Suffix: Street

County: Franklin

City (Mailing Addr): Reynoldsburg

State: OH

Zip Code: 43068

Subdiv/Cmplx/Comm: Plaza Center

Dist To Interchange: 2

Corp LimitPerAuditor: Reynoldsburg

Township: Truro

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: 2019-04-05

For Sale: Yes

Exchange: No

For Lease: No

Lease Rate $/Sq Ft: 10

General Property Info

Bldg Sq Ft: 9840

Number of Units: 5

# of Floors Above Gr: 1

Total Parking: 30

Year Built: 1965

Acreage: 0.76

Tax Info

Parcel #: 060-000137

Tax Year: 2017

Tax Abatement: No

Taxes (Yrly): 23008

Tax Incentive: No

Status Change Info

Under Contract Date: 2020-01-29

Sold Date: 2020-01-29

Sold Price: $930,000

Income/Expenses

Gross Income: 124932

Total Expenses: 39663

Net Operating Income: 85269

T Reimburses L

Curr Yr Est $/SF TRL: 4.71

Financials

Gross Rental Income: 89400

Effective Income: 124932

Other Income: 42107

Vac & Cr Loss: 6575

Expenses

R.E. Taxes: 23049

Property Insurance: 2706

Repairs&Maintenance: 6412

Electricity Expense: 1249

Property Management: 7496

Misc Int & Ext Info

Parking Ratio/1000: 2.91

Traffic CountPerDay: 20619

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known

T Reimburses L: All; Building Insurance; Cam; Janitorial; Maint/Repairs; RE Taxes; Utilities

T Contracts Directly: Maint/Repairs; Utilities

Heat Fuel: Gas

Heat Type: Forced Air

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

Construction: Block

Mult Use: Retail

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: The Hessenauer Corporation

Listing Agent: Michael Hessenauer

Last Updated: January - 30 - 2020

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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