9825 Johnstown Road

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9825 Johnstown Road

new-albany, OH 43054
Asking Price
$2.47M
Asset Type
Retail
Class
Class B

What's Special

9825 Johnstown Road is situated in the central business district of New Albany, Ohio, characterized by a mix of colonial-style architecture and upscale professional services. The property offers direct frontage on a primary thoroughfare, providing proximity to the Market Street retail corridor and the New Albany Village center. The location is supported by a local network of pedestrian pathways and is less than two miles from the SR-161 interchange, facilitating regional access for commuters from the greater Columbus area. The building's layout and high-visibility positioning make it suitable for a variety of boutique retail concepts, high-end personal services, or specialized showrooms. Typical tenants for this neighborhood include destination retailers, health and wellness studios, and professional firms seeking a storefront presence. Given the area's demographic profile, the asset is well-positioned for businesses that cater to a local residential base and the surrounding corporate office population.

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NOI
$80,000
Cap Rate
3.24%
DSCR
0.55
Underwater
Cash-on-Cash
-8.98%
Monthly Payment
$12,200.423
Annual Cash Flow
$-66,405.07

Location & Travel Times