2380 Morse Rd - Dealership For Sale - 6.32 cap
Freestanding Retail Investment - Dealership in 3,884 SF on 1.38 Acres
Marketing description
2380 Morse Road is an exceptional net leased investment opportunity in one of Columbus, Ohio’s most active commercial corridors. The property is 100% leased through July 2028 and sits on 1.38 acres. This strong north side location just west of Easton Town Center is zoned for high density multi family and other commercial uses. Identified as a Zone In location by the City of Columbus. Current Rents are $11,000 per month ($113,838,000 annually) i, offering investors both immediate cash flow and long-term appreciation potential.
This 3,884 SF newly built freestanding retail building has a detail bay, large open showroom, and three privates sales offices. This asset is 1.38±-acre parcel near the corner of Cleveland Ave and Morse Rd. A long time automotive dealership location, that was custom built by Miracle Auto in 2014. In 2023, the property received multiple updates and was leased to The Auto Loft, dealer with a large selection of vehicles.
Investment highlights
3,884 SF Freestanding Retail on 1.38± Acres
Custom Built Auto Dealership in 2014
6.32% cap rate with a 3 year lease
Zoned for future High Density Multi Family
Showroom with Vehicle Access Doors
12' Drive-In Service Garage with Wash Bay and Floor Drain
3 Private Offices, Breakroom, and Kitchenette
Well Maintained with an Advanced IT Room
150 Parking Spaces with Steel Fence Around Entire Site
Two ADA Restrooms and a Lockable Closet
Located on High-Traffic Morse Road: 35K+ VPD
Numerous Nearby Amenities
Easy Access to Local Freeways: I-71, OH-161, I-270
Great Signage Visibility
Two 240v Electrical Panels
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
