Listed by Marcus & Millichap - Columbus
$2,400,000
1005 Delaware Avenue
Details
Property Type Retail, Industrial
Sub Type Auto Shop, Warehouse
Square Footage 24,320
Net Rentable (SqFt) 24,320
Occupancy 54%
Tenancy Multi
Lease Type Gross
Lease Expiration 01/31/2027
Remaining Term 0.5
Pro-Forma Cap Rate 7.08%
Pro-Forma NOI $169,812
Price per SqFt $99
Year Built 1983
Buildings 3
Acreage 4.470
Zoning RMU
Investment Type Value Add
Tenant Credit No Credit Rating
Occupancy Date 07/17/2026
Ground Lease No
Ceiling Height 10
Loading Docks 14
24,320 sf Industrial and Automotive property on 4.47 acres
Marketing description
- Central Marysville Location with Great Access to US-33 in High-Growth Union County
- 4.47 Acres and 24,320 Square Feet with Numerous Drive-In Doors
- Three Buildings with Short-Term Leases and Some Immediate Occupancy Available
- Current Automotive, Industrial, Storage, and Outdoor Storage Uses
- Opportunity for Investment or Use
- Easement Access to Busy Delaware Avenue
Investment highlights
Located in the heart of Marysville, this property consists of 4.47 acres and 24,320 square feet across three main buildings. The site benefits from excellent accessibility via Delaware Avenue, immediately adjacent to McDonald's, with additional frontage along East 5th Street. The primary building at 1051 Delaware Avenue is currently vacant and immediately available for occupancy, while several additional spaces are leased to long-standing businesses under short-term lease structures, creating both current income and future leasing flexibility.
Listing Contacts
Listed by Marcus & Millichap - Columbus
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