$1/ 21000ft2 - 1.5 acres with an 21,000 Event Center (Columbus)
21000ft2
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For the past 22 years this property has been used as an Event Center for a Famous Private Club.
This two story property has a tenant with a new ten year lease that is NNN with the option for another ten year extension. The monthly lease is $15,000. The business at this location is not for sale. The business has operated from this location for 22 years and may continue to operate for another 20 years or longer.
The current owners are retiring. The property is located in an area that is being revitalized with dramatic mid rise condos and apartments. The property is in the Franklinton Opportunity Zone.
The City of Columbus posted a violation regarding the cargo containers on our property and some other minor issues like the fence is to be repaired.
The Private Club business is thriving. The Tenant is expanding their business model.
The property has on site parking for 140 vehicles and the current owner has an additional property that provides overflow parking that may be leased to the new owners with an additional 100 vehicles.
Several Movie production companies have filmed inside the building for scenes that meet the storyline. There are promoters that love the venue and want to promote some outside concerts at our location.
The current owners have never opted for a liquor license and have never been cited for any liquor or drug related violations. The Local 8th Police Precinct have always had a very close relationship with the Club and appreciate our attention to detail in maintaining a very strict protocol.
Real Estate Agents protected. Call Rk 614-402-4825.
We are looking for an investment group that wants an 8% ROI with increases in the rent every other year.
The owners will consider a partial exchange. The owners are licensed realtors.
Purchase Price $2,300,000
Monthly Income $15,000
4% Increase on the lease rate every two years. Tenant pays for property taxes, insurance, utilities, repairs, replacements equipment, roof maintenance, hvac upkeep, landscaping, parking lot repairs…