300-499 Downtowner Plz - Retail FOR SALE


Coshocton, OH 43812
$13,950,000 USD
516-223-6200
300-499 Downtowner Plz, Coshocton, OH for Sale
$13,950,000 USD
Retail - FOR SALE
1/65
null | 10.56% Cap Rate

300-499 Downtowner Plz
Coshocton, OH 43812


HIGHLIGHTS

  • +/-254,980-square-foot shopping center anchored by Tractor Supply Company and Big Lots
  • National and regional tenants account for 74% of the existing tenancy and 72% of the rental income.
  • Significant value-add through lease up of +/-73,904 existing square feet, vacant former Long John Silver’s drive-thru, and new pad developments
  • Sale includes single-tenant Hardee’s and Advance Auto Parts, along with +/-4.00 acres of land for new development
  • The property serves as the main commercial hub for the entire Coshocton County and is the largest shopping center within a +/-25-mile radius
  • Located along Ohio State Route 16 (OH-16) connecting I-77 to Columbus

OVERVIEW

Downtowner Plaza is a +/-254,980-rentable-square-foot, multi-building shopping center located at 499 S. 2nd Street in Coshocton Ohio. Constructed in 1968, and renovated in 1991, the center is comprised of one (1) single story inline shopping center building, four (4) single-story inline multitenant retail strip buildings, three (3) single-tenant retail buildings, and approximately four (4.00) acres of vacant land for new development. In total, the entire property is made up of 31 retail units ranging in size from 45,128 to 700 square feet. There are a total of 15 units available for lease, totaling +/- 73,904 rentable square feet. Currently 71% occupied, 34 units are occupied by established national, retail, and local companies, such as Tractor Supply, Big Lots, Rent-A-Center, Advance Auto, Hardee’s, Subway, Interim Healthcare, Edward Jones, H&R Block, and many more. The site offers ample parking, with +/-1,200 parking spaces at a ratio of +/-4.71 spaces per 1,000 square feet. The property is positioned with approximately 1,000 feet of frontage on the west side of South 2nd Street and about 300 feet of frontage on the south side of Mulberry Street. It is located just a half-mile from the OH-16 interchange; OH-16 is the main corridor connecting Columbus to I-77, which runs from Cleveland, Ohio to Columbia, South Carolina. Lastly, the property is located approximately 63 miles north east of Columbus and 100 miles west of Pittsburgh.

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

10.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

743

LAND DETAILS

LAND ACRES

6.33 AC

LAND SF

275,735 SF

ZONING

C

APN/PARCEL ID

04300-000-050-00

ASK ABOUT THIS PROPERTY

Ryan RodgerUnited Properties Corp.More Info
516-223-6200

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Ryan RodgerUnited Properties Corp.More Info
516-223-6200

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