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Tower Building 1240 E Main St
10,098 SF 69% Leased Office Building Springfield, OH 45503 $1,300,000 ($129/SF) 8.76% Cap Rate
Investment Highlights
- Upside Potential Remains
- Approximately 20,000 VPD driving right past the building
- On-site, private parking
Executive Summary
Seller started with five leasable units but divided unit 101 and unit 201 and reconfigured unit 200 to shared space taking the total leasable units to 11 in an attempt to mitigate risk and respond to market demand for smaller units. Seller will guaranty the rent for unit 100 for one year. Upside potential remains with the incubator spaces filling quickly. NOI is $113,854.
CALL NOW!
Property Facts
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The subject property consists of 0.613 acres at the signalized corners of Main Street and Greenmount Avenue in Springfield, Ohio. The building has off-street, private parking for 44 cars. The anchor tenant on the lower level occupies the ENTIRE lower level and for the next 10 years.
The subject property consists of 0.613 acres at the signalized corners of Main Street and Greenmount Avenue in Springfield, Ohio. The building has off-street, private parking for 44 cars. The anchor tenant on the lower level occupies the ENTIRE lower level and for the next 10 years
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 1,350 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 1,750 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 1,350 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 1,750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 1,350 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The subject property consists of 0.613 acres at the signalized corners of Main Street and Greenmount Avenue in Springfield, Ohio. The building has off-street, private parking for 44 cars. The anchor tenant on the lower level occupies the ENTIRE lower level and for the next 10 years.
2nd Fl-Ste 200
| Size | 1,750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The subject property consists of 0.613 acres at the signalized corners of Main Street and Greenmount Avenue in Springfield, Ohio. The building has off-street, private parking for 44 cars. The anchor tenant on the lower level occupies the ENTIRE lower level and for the next 10 years
PROPERTY TAXES
| Parcel Number | 34-00700-02932-4017 | Improvements Assessment | $97,450 |
| Land Assessment | $36,150 | Total Assessment | $133,600 |
PROPERTY TAXES
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Tower Building | 1240 E Main St
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