1110 Morse Rd | Columbus, OH 43229
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- LoopNet Team
1110 Morse Rd
Columbus, OH 43229
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Multi-tenant office ideal for investment/owner user
- Elevator, ADA ramp, New TPO Roof in 2024. 74 on-site parking spaces (3.18/1,000 SF), 34,869 Traffic Count
- Short-term lease structures offer flexibility for new owner. Small office layouts offer value for tenants.
- 3 stories above grade & 1 lower level partially below grade
- 6.92% Current Cap Rate with a Current 32.3% economic vacancy/loss to lease; increases to 12.8% Cap at 90% lease up
- Lots of upside potential by converting future leases to rentable SF instead of based on usable SF
PROPERTY FACTS
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
23,256 SF
Building Class
B
Year Built
1975
Percent Leased
69%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,100 SF
Slab To Slab
10’
Building FAR
0.54
Lot Size
0.98 AC
Zoning
Community Activity Center - Community Activity Center (CAC)
Parking
78 Spaces (3.35 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 010-013470 | Improvements Assessment | $277,270 |
| Land Assessment | $90,410 | Total Assessment | $367,680 |
PROPERTY TAXES
Parcel Number
010-013470
Land Assessment
$90,410
Improvements Assessment
$277,270
Total Assessment
$367,680
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