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31 S Ludlow Rd 13,700 SF Retail Building Urbana, OH 43078 $695,000 ($50.73/SF)
EXECUTIVE SUMMARY
Commercial property with multiple potential uses, including auto sales/service, RV operations, distribution, retail, office, or trades. Located on a corner lot with approx. 450' of frontage on US-36 and 280' on S. Ludlow, the site offers strong visibility and access. The property features a 1-acre paved lot with ample parking and comprises two parcels. Total acreage is 2.155. The main building provides 10,000± sq. ft. with 2 deluxe office suites (one with a full bath, one with a half bath), 5 additional offices, 2 showrooms (25'x48' and 30'x40'), a 30'x40' loft/lounge, and a 40'x60' repair shop with five 12' doors and 2 car lifts. A secondary 30'x125' building includes 6 overhead doors (five at 8' and one at 10') and is divided into 3 sections with electric; the middle section is heated and has water. Suitable for storage, shop space, or expansion. The location is 7 miles to Rt 56/161, 18 miles to I-70, and 30 miles to I-75, with direct access to Springfield (15 mi), Marysville (25 mi), Dayton (35 mi), and Columbus (45 mi). Sq. Ft. Lease Rate: $8.79 per sq. ft. based on 8,196 square feet. $6,000 per month (Modified Net Lease) - landlord covers real estate taxes only. Seller would like a minimum 1-year lease.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
13,700 SF
Building Class
C
Year Built
1974
Price
$695,000
Price Per SF
$50.73
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.15 AC
Zoning
Commercial/Business
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Fischer's Auto Sales & Powersports
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Fischer's Auto Sales & Powersports | Retailer | - | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $102,130 | |
| Land Assessment | $10,140 | Total Assessment | $112,270 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,140
Improvements Assessment
$102,130
Total Assessment
$112,270
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31 S Ludlow Rd
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