$3,451,000
Grove City, OH 43123
MLS# 224043689
Status: Closed
37987 sqft
1 / 17
Property Description
STRINGTOWN & HOOVER CORNER *High traffic and good visibility *100% leased neighborhood center *153 car parking *Below market rents *Anchors ASK Powersport & Flyers Pizza *9 Tenants *4 Buildings
Details
Documents
Location & Property Info
City (Mailing Addr): Grove City
Dist To Interchange: 1
Corp LimitPerAuditor: Grove City
Office/Contract Info
Active on MLS: 2024-12-23
For Sale: Yes
Mortgage Balance: 0
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 10
General Property Info
Previous Use: retail
Total SqFt Available: 0
Bldg Sq Ft: 37987
Max Cont Sqft Avail: 0
Minimum Sqft Avail: 0
Occupancy Rate: 100
Total Parking: 153
# of Docks: 0
Assoc/Condo Fee: 0
Use Code: 426 - COMMUNITY SHOPPING CTR
Number of Units: 9
# of Floors Above Gr: 1
Year Built: 1964
Acreage: 3.68
Tax Info
Zoning: retail
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 50165
Tax Incentive: No
Parcel #: 040-002918
Tax Year: 2023
Remarks & Misc
Property Description: STRINGTOWN & HOOVER CORNER
*High traffic and good visibility
*100% leased neighborhood center
*153 car parking
*Below market rents
*Anchors ASK Powersport & Flyers Pizza
*9 Tenants
*4 Buildings
Income/Expenses
Gross Income: 285700
Net Operating Income: 160400
Total Expenses: 84700
Addl Acceptance Cond
None Known: 1
Expenses Paid by L
Building Insurance: 1
Repairs: 1
RE Taxes: 1
T Reimburses L
Cam: 1
Curr Yr Est $/SF TRL: 2.6
T Contracts Directly
All Utilities: 1
Janitorial: 1
Repairs: 1
Lease Info
Pass Exp Over BaseYr: Yes
Exp Stop $: 2.6
Financials
Financials ForYearOf: 2024
Gross Rental Income: 285700
Expenses
R.E. Taxes: 51000
Property Insurance: 12579
Repairs&Maintenance: 21100
Misc Int & Ext Info
Drive-In Doors Size: 1
Parking Ratio/1000: 4
Traffic CountPerDay: 16400
Construction
Block: 1
Brick: 1
Heat Fuel
Gas: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Heat Type
Forced Air: 1
Electric
Single Phase: 1
Auction Info
Auction/Online Bidding Y/N: No
Deposit Required: 10000
New Financing
Conventional: 1
Sprinkler
None: 1
Business Type
Retail: 1
Shopping Center: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 3800000
Sold Price: $3,451,000
Property Sub Type: Retail
Street #: 4099
Street Name: Hoover
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43123
Township: Jackson
OfficeContract Info
Status: Closed
MLS Entry Date: 2024-12-23
Status Change Info
Under Contract Date: 2025-03-28
Sold Date: 2025-06-20
Sold Price: $3,451,000
Property Features
Addl Acceptance Cond: None Known
Expenses Paid by L: Building Insurance; Repairs; RE Taxes
T Reimburses L: Cam
T Contracts Directly: All Utilities; Janitorial; Repairs
Heat Fuel: Gas
Heat Type: Forced Air
Electric: Single Phase
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Construction: Block; Brick
Sprinkler: None
Business Type: Retail; Shopping Center
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
site plan 
Listing Office: Grabill & Company, LLC.
Listing Agent: Steven Mauger
Last Updated: July - 20 - 2025
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