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517 3rd Ave
Chesapeake, OH 45619
Office Property For Sale
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities and 2% annual rent increases
- RRS Ohio signed a 12-year lease in 2021 to serve as a larger replacement location for its then existing outpatient clinic in South Point
- Located near Marshall University (10,691 students), and the Port of Huntington (largest inland shipping port in the United Sates)
- Only three miles from Cabell Hunting Hospital (Ranked top 100 hospital in 2023) and multiple other medical institutions
- Strategically located off Hwy-527 with 14,800+ VPD
- Property is being offered via auction April 13th - 15th. See link in offering memorandum
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
7,500 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,500 SF
Building FAR
0.48
Lot Size
0.36 AC
Parking
19 Spaces (2.26 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 24-027-1300-000 | Improvements Assessment | $236,058 |
| Land Assessment | $4,491 | Total Assessment | $240,548 |
Property Taxes
Parcel Number
24-027-1300-000
Land Assessment
$4,491
Improvements Assessment
$236,058
Total Assessment
$240,548
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