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300-499 Downtowner Plz 187,133 SF 42% Leased Retail Building Coshocton, OH 43812 $19,473,085 CAD ($104.06 CAD/SF) 11.32% Cap Rate
INVESTMENT HIGHLIGHTS
- +/-254,980-square-foot shopping center anchored by Tractor Supply Company and Big Lots
- Significant value-add through lease up of +/-73,904 existing square feet, vacant former Long John Silver’s drive-thru, and new pad developments
- The property serves as the main commercial hub for the entire Coshocton County and is the largest shopping center within a +/-25-mile radius
- National and regional tenants account for 74% of the existing tenancy and 72% of the rental income.
- Sale includes single-tenant Hardee’s and Advance Auto Parts, along with +/-4.00 acres of land for new development
- Located along Ohio State Route 16 (OH-16) connecting I-77 to Columbus
EXECUTIVE SUMMARY
Downtowner Plaza is a +/-254,980-rentable-square-foot, multi-building shopping center located at 499 S. 2nd Street in Coshocton Ohio. Constructed in 1968, and renovated in 1991, the center is comprised of one (1) single story inline shopping center building, four (4) single-story inline multitenant retail strip buildings, three (3) single-tenant retail buildings, and approximately four (4.00) acres of vacant land for new development. In total, the entire property is made up of 31 retail units ranging in size from 45,128 to 700 square feet. There are a total of 15 units available for lease, totaling +/- 73,904 rentable square feet. Currently 71% occupied, 34 units are occupied by established national, retail, and local companies, such as Tractor Supply, Big Lots, Rent-A-Center, Advance Auto, Hardee’s, Subway, Interim Healthcare, Edward Jones, H&R Block, and many more.
The site offers ample parking, with +/-1,200 parking spaces at a ratio of +/-4.71 spaces per 1,000 square feet. The property is positioned with approximately 1,000 feet of frontage on the west side of South 2nd Street and about 300 feet of frontage on the south side of Mulberry Street. It is located just a half-mile from the OH-16 interchange; OH-16 is the main corridor connecting Columbus to I-77, which runs from Cleveland, Ohio to Columbia, South Carolina. Lastly, the property is located approximately 63 miles north east of Columbus and 100 miles west of Pittsburgh.
The site offers ample parking, with +/-1,200 parking spaces at a ratio of +/-4.71 spaces per 1,000 square feet. The property is positioned with approximately 1,000 feet of frontage on the west side of South 2nd Street and about 300 feet of frontage on the south side of Mulberry Street. It is located just a half-mile from the OH-16 interchange; OH-16 is the main corridor connecting Columbus to I-77, which runs from Cleveland, Ohio to Columbia, South Carolina. Lastly, the property is located approximately 63 miles north east of Columbus and 100 miles west of Pittsburgh.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
187,133 SF
Building Class
C
Year Built/Renovated
1968/1991
Price
$19,473,085 CAD
Price Per SF
$104.06 CAD
Cap Rate
11.32%
NOI
$2,204,928 CAD
Percent Leased
42%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
6.33 AC
Zoning
C - Shopping Center
Parking
743 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
953’ on Vine St
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Stand Alone retail. Former restaurant. Call owner for rental rate.
Small, inline, retail. Call owner for rental rate.
Call owner for rental rate.
Large, retail space; perfect for a national chain. May be divided into 15,000 sq ft minimum.
Inline, retail.
Call owner for rental rate.
Former supermarket. Call owner for rental rate.
Inline, retail, former tobacco shop. Call owner for rental rate.
Garage/Storage. Call owner for rental rate.
Inline retail; former Telemarketing unit. Call owner for rental rate.
Inline retail; former Sears store. Call owner for rental rate.
Inline retail; former Farmer's Insurance. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 105 | 1,870 SF | Retail | End Cap | Now |
| 255 | 1,000 SF | Retail | In-Line | Now |
| 265 | 1,550 SF | Retail | In-Line | Now |
| 300 Downtowner Plaza | 15,000-45,128 SF | Retail | End Cap | Now |
| 305 | 3,200 SF | Retail | In-Line | Now |
| 325 | 1,460-4,380 SF | Retail | In-Line | Now |
| 390 | 26,860 SF | Retail | In-Line | Now |
| 400 | 1,200 SF | Retail | In-Line | Now |
| 400R | 2,240 SF | Retail | - | Now |
| 470 | 5,500-11,000 SF | Retail | In-Line | Now |
| 480 | 3,500-7,000 SF | Retail | In-Line | Now |
| 499 S 2nd St. | 3,314 SF | Retail | In-Line | Now |
105
| Size |
| 1,870 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
255
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
265
| Size |
| 1,550 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
300 Downtowner Plaza
| Size |
| 15,000-45,128 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
305
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
325
| Size |
| 1,460-4,380 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
390
| Size |
| 26,860 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
400
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
400R
| Size |
| 2,240 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
470
| Size |
| 5,500-11,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
480
| Size |
| 3,500-7,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
499 S 2nd St.
| Size |
| 3,314 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
105
| Size | 1,870 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Stand Alone retail. Former restaurant. Call owner for rental rate.
255
| Size | 1,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Small, inline, retail. Call owner for rental rate.
265
| Size | 1,550 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Call owner for rental rate.
300 Downtowner Plaza
| Size | 15,000-45,128 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Large, retail space; perfect for a national chain. May be divided into 15,000 sq ft minimum.
305
| Size | 3,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail.
325
| Size | 1,460-4,380 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Call owner for rental rate.
390
| Size | 26,860 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former supermarket. Call owner for rental rate.
400
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former tobacco shop. Call owner for rental rate.
400R
| Size | 2,240 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Garage/Storage. Call owner for rental rate.
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
470
| Size | 5,500-11,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail; former Telemarketing unit. Call owner for rental rate.
480
| Size | 3,500-7,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail; former Sears store. Call owner for rental rate.
499 S 2nd St.
| Size | 3,314 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail; former Farmer's Insurance. Call owner for rental rate.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04300-000-050-00 | Improvements Assessment | $3,013,179 CAD |
| Land Assessment | $859,941 CAD | Total Assessment | $3,873,121 CAD |
PROPERTY TAXES
Parcel Number
04300-000-050-00
Land Assessment
$859,941 CAD
Improvements Assessment
$3,013,179 CAD
Total Assessment
$3,873,121 CAD
1 of 66
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
300-499 Downtowner Plz
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