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$ 995,000
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New
3720 Ridge Mill Drive #B Hilliard, OH 43026
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Medical
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $165
MLS Listing ID 226039467
Year Built 1994
Annual Tax Amount $18,733
Lot Size 0.710 Acres
Lot Dimensions 0.71
Property Sub-Type Medical
Source Columbus and Central Ohio Regional MLS
Property Description
Discover a premier investment opportunity with this 100% fully occupied, approximately 6,000-square-foot medical office building located in the highly desirable Mill Run area of Hilliard. Set on a ±0.71-acre lot, the property features four established tenants--including a dentist, an acupuncturist, a cleaning company, and a medical company--offering a stable income stream with a strong 7.00% cap rate. The well-maintained building is designed for operational flexibility, boasting separate entrances for all units while two units share a convenient common area, alongside a generous provision of approximately 40 dedicated parking spaces.
Recent capital improvements and low operating overhead add immediate long-term value for investors, highlighted by two newer HVAC units, updated awnings, and a recently resealed parking lot. Zoned for office use and built in 1994, this turnkey asset combines low-maintenance ownership with steady, diversified tenancy in a thriving suburban submarket. (Note: Please respect tenant privacy and do not disturb occupants during the evaluation process.)
Recent capital improvements and low operating overhead add immediate long-term value for investors, highlighted by two newer HVAC units, updated awnings, and a recently resealed parking lot. Zoned for office use and built in 1994, this turnkey asset combines low-maintenance ownership with steady, diversified tenancy in a thriving suburban submarket. (Note: Please respect tenant privacy and do not disturb occupants during the evaluation process.)
Location
State OH
County Franklin
Area 0.71
Zoning C - Commercial
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 560-229673
Listed by Valerie Tivin Best Corporate Real Estate