Description
Total 0.45-acre (3 parcels) Clintonville site that has been rezoned and all city approvals and variances secured for the construction of a five-story, 45-unit multifamily property with 2,000 SF of ground level commercial space. Current owner has conducted all necessary environmental, geotechnical and traffic/parking investigations as well as preliminary development plans, all available upon request. Total annual RE taxes of $7,776. The site is currently leased to a used car dealership through May 2025 after which it becomes MTM. Monthly rent is $3,229. Tenant pays all operating expenses except RE taxes. Either party can terminate the lease early with applicable notice and breakage fees. The only improvement currently on the site is a 1,218 SF structure used as a car sales office.
Location
IDX information provided courtesy of the Columbus Board of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 21st September, 2023 8:39 AM (UTC)
Listing Agent: Matthew R Brown
Listing Office: Brown Multifamily Advisors,LLC
