4030-4038 Morse Road

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4030-4038 Morse Road

Columbus, OH 43219
Asking Price
$5.07M
Asset Type
Retail
Class
Class B

What's Special

4030-4038 Morse Road is situated within a high-traffic retail corridor in northeast Columbus, positioned near the intersection of Morse Road and Westerville Road. The property is less than three miles from the Easton Town Center district, providing proximity to extensive shopping, dining, and hospitality amenities. The surrounding neighborhood is characterized by a blend of dense residential communities and established commercial developments. Access to the regional transportation network is provided via Interstate 270 and State Route 161, both located within a short drive. The building is designed for multi-tenant retail use, featuring storefront visibility and dedicated parking for customers. Ideal use cases include neighborhood services, specialty retail shops, or small-scale food and beverage operators. The typical tenant profile consists of service-oriented businesses, such as insurance agencies, salons, or cellular retailers, that benefit from the consistent daily vehicle counts along Morse Road. The layout supports businesses requiring a functional mix of sales floor space and back-office storage.

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NOI
$80,000
Cap Rate
1.58%
DSCR
0.27
Underwater
Cash-on-Cash
-14.53%
Monthly Payment
$25,106.52
Annual Cash Flow
$-221,278.243

Location & Travel Times