1650 Morse Rd

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1650 Morse Rd

Columbus, OH 43229
Asking Price
$1.64M
Asset Type
Retail
Class
Class B

What's Special

1650 Morse Road is situated in the Northland corridor of Columbus, a high-traffic retail submarket characterized by a mix of national chains and local businesses. The property benefits from its proximity to the bustling intersection of Morse Road and Karl Road, offering significant visibility to passing motorists. Nearby amenities include regional shopping centers, grocery providers, and diverse dining options. The location is well-served by multiple COTA bus lines and provides efficient access to nearby arteries, including Interstate 71 and SR-161, facilitating regional connectivity. This retail asset is suited for diverse commercial uses, including general discount retail, specialized showrooms, or service-oriented businesses. The layout and surrounding demographic density make it a practical option for tenants seeking a central suburban location with high daily vehicle counts. Typical tenant profiles for this area include regional service providers, ethnic grocers, and community-focused medical or financial services. The property offers functional storefront space conducive to businesses that rely on consistent local traffic and established commercial infrastructure within the North Columbus market.

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NOI
$80,000
Cap Rate
4.88%
DSCR
0.82
Underwater
Cash-on-Cash
-3.51%
Monthly Payment
$8,103.93
Annual Cash Flow
$-17,247.163

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