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 growing suburban community of New Albany, Ohio, positioned along a primary commercial corridor. The neighborhood is characterized by a mix of residential subdivisions, professional office parks, and established retail centers. The site offers direct access to State Route 62 and is located within a short drive of the State Route 161 interchange, providing connectivity to the greater Columbus metropolitan area. Nearby amenities include grocery-anchored shopping centers, local dining options, and public parks, contributing to steady daily traffic counts through the immediate area. The property is well-suited for a variety of retail applications, including boutique storefronts, service-oriented businesses, or small-scale specialized showrooms. Given the area's demographic profile, an ideal tenant would likely be a local or regional operator catering to the surrounding suburban population. The site’s visibility and accessibility make it an appropriate location for essential services, health and wellness studios, or professional retail firms seeking a presence in a high-growth market. The asset provides a functional layout adaptable to the requirements of modern retail tenants.

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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

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