1580 Rathmell Rd - Flex FOR SALE


Lockbourne, OH 43137
$2,900,000 USD
740-404-1071
1580 Rathmell Rd, Lockbourne, OH for Sale
$2,900,000 USD
Flex - FOR SALE
1/15
null | Request Cap Rate

1580 Rathmell Rd
Lockbourne, OH 43137


HIGHLIGHTS

  • Furnished home to Airbnb or owner occupant
  • 43 Outdoor vehicle & RV storage with room to grow
  • Pole barn 3600' & Office 672' Gated property immediate income

OVERVIEW

Amazing opportunity to own an already established unique storage business! This General Industrial zoned property will only be sold with the business which would be another 1.6 mill making the full asking price of 2.9 mill. see additional business opportunity listing. This property includes the residential home fully furnished for Airbnb, rental, executive rental giving additional monthly income or owner occupied. A 60x60 pole barn with 3 overhead doors and a 24x28 office. The large pole barn is split in 2 sections currently for 2 renters which both are renting 2 parts of the office bringing in 2000 on a 6-month lease and 3300 on a year lease. Both buildings have half baths. The office has gas heat ac, the pole barn has propane heat on one side and gas on the other. There are 31 (8x20x8) movable storage units which are rented for 167 monthly and 50 uncovered parking spots for cars and RV's which rent for $67 & $77 monthly. Assets included with property, Fully furnished home, 2023 Kubota+Boss V-Plow 4x4, skid loader, 48' Van Storage Trailer, 53' Storage Trailer, Black Enclosed Trailer, Storage Trailer & Personal Container contents, Air Compressor, Computers & Equip to run the business, Grandstream Office Phones, IT Systems, Office Furniture and Chairs, Security Camera System, Work Horse Tractor, Snap-On 4pc set w/23 drawers, Tools, Presses, Saws, parts cleaner, Remote access equipment and much more! The property has a gated entry at the road and at the storage area. In addition to all of this, the seller also has a U-Haul business that brings in additional income. He is currently limited on office hours from 8:30-11:30 so increased time = increased income (requires new contract). There is plenty of room to expand the business! Adjacent farmland to the rear is zoned General Industrial as well. This area has a ton of growth happening with Multifamily, residential housing and Industrial businesses. So many options with this property

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Storage /Office/Pole Barn/House

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1

LAND SF

222,137

ZONING

-

APN/PARCEL ID

150-002605

ASK ABOUT THIS PROPERTY

Cindi Watkinse-Merge Real Estate ExcellenceMore Info
740-404-1071

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Cindi Watkinse-Merge Real Estate ExcellenceMore Info
740-404-1071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.