54
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$1,400,000
Est. payment /mo
5.03 Acres Lot
Price Dropped by $200K
1580 Rathmell Road Lockbourne, OH 43137
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225012192
Annual Tax Amount $6,511
Lot Size 5.030 Acres
Lot Dimensions 5.03
Property Sub-Type Other
Source Columbus and Central Ohio Regional MLS
Property Description
Be your own property manager by living in the beautiful home on-site or create
additional income as a furnished rental property or short-term rental! Perfect setup for a stay-at-home spouse to supplement the household income.
Turnkey Storage Business for sale only with the purchase of the property home. The
established business generates a very passive income and does not require full-time management. The 5+ acre property is zoned General Industrial in an area experiencing massive growth in the Rickenbacker/Obetz/Lockbourne region. There are (31) enclosed 8x20' storage units, (1) 3600 s.f. building (2 tenants) and (1) 672 s.f. office separated into 3 tenant spaces. Both buildings have bathrooms and a new septic system was recently designed and installed allowing for future growth. In addition, there is (48+)
open parking spaces for equipment, boats, RV's and/or material. Owner is currently
engaged in an expansion project for additional parking spaces and/or there is room for future building additions.
All current tenants have storage agreements or leases in place and 80% are setup on 'autopay' each month. There is a favorable mix of individual and corporate tenants currently occupying the facility.
In all, there is 30,148 s.f. of rentable space with 29,348 currently occupied. Occupancy
rate currently 97% and economic occupancy is 77.5% Access is controlled with 2 remote controlled gates, keypad controls and CCTV cameras throughout the facility. Assets with the sale include 31 storage units, 2 semi van trailers, New Holland skid loader, Kubota side-by-side UTV w/Boss snow plow, office computers, phone systems and office furniture.
The company is also an authorized U-haul dealer which can be operated by the next owner if interested. This General Industrial zoned property will only be sold with the business which would be another 900k making the full asking price of 2.3 mill.
additional income as a furnished rental property or short-term rental! Perfect setup for a stay-at-home spouse to supplement the household income.
Turnkey Storage Business for sale only with the purchase of the property home. The
established business generates a very passive income and does not require full-time management. The 5+ acre property is zoned General Industrial in an area experiencing massive growth in the Rickenbacker/Obetz/Lockbourne region. There are (31) enclosed 8x20' storage units, (1) 3600 s.f. building (2 tenants) and (1) 672 s.f. office separated into 3 tenant spaces. Both buildings have bathrooms and a new septic system was recently designed and installed allowing for future growth. In addition, there is (48+)
open parking spaces for equipment, boats, RV's and/or material. Owner is currently
engaged in an expansion project for additional parking spaces and/or there is room for future building additions.
All current tenants have storage agreements or leases in place and 80% are setup on 'autopay' each month. There is a favorable mix of individual and corporate tenants currently occupying the facility.
In all, there is 30,148 s.f. of rentable space with 29,348 currently occupied. Occupancy
rate currently 97% and economic occupancy is 77.5% Access is controlled with 2 remote controlled gates, keypad controls and CCTV cameras throughout the facility. Assets with the sale include 31 storage units, 2 semi van trailers, New Holland skid loader, Kubota side-by-side UTV w/Boss snow plow, office computers, phone systems and office furniture.
The company is also an authorized U-haul dealer which can be operated by the next owner if interested. This General Industrial zoned property will only be sold with the business which would be another 900k making the full asking price of 2.3 mill.
Location
State OH
County Franklin
Area 5.03
Zoning Gen Industrial
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 150-002605
Listed by Cindi Ann Watkins e-Merge Real Estate Excellence
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