SVN | WILSON COMMERCIAL GROUP, LLC | EASTON TOWN CENTER, 4200 REGENT STREET, SUITE 200, COLUMBUS , OH 43219 OFFERING MEMORANDUM
1780 CHERRYVALLEY ROAD1.3 ACRESZONED COMMERCIALNEWARK, OH 43055
Kristen AsmanSenior [email protected]
PROPERTY INFORMATION 3Property SummaryProperty Description
LOCATION INFORMATION 6Regional MapAerial Map
SALE COMPARABLES 9Sale CompsSale Comps SummarySale Comps Map
DEMOGRAPHICS 14Demographics ReportDemographics Map
ADVISOR BIOS 17Advisor Bio & Contact 1Back Page
OFFERING MEMORANDUM1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD., NEWARK, OH 43055
1 PROPERTYINFORMATION
1780 Cherry Valley Rd.Newark, OH 43055
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 3
OFFERING SUMMARY
Sale Price: $330,000
Lot Size: 1.31 Acres
Building Size: 1,500 SF
Zoning: Commercial
Price / SF: $220.00
1.31 Acre Zoned Commercial with all utilities on site. This a fantastic retail location and former convenience station readyfor redevelopment. The property located just off of the Brand New Thornwood Crossing exit off of 161 East in Newark, OH.This exit serves as the primary exit for the Licking County Memorial Hospital and is the first Newark, Ohio exit comingfrom Columbus, Ohio. The exit feeds onto Cherry Valley Rd which has high density residential and apartments plusexcellent retail traffic. The property backs up to a large multi-family community with numerous apartment complexes.This development site has ample frontage on Cherry Valley Rd with a drive by traffic count of 12,000 cars+ The 5 milepopulation density is 70,000+
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• New Highway Exit
• 12,000 Drive-By Traffic Count
• New Medical Development in Area
• 70,000 5-mile radius population density
• Located in Medical Corridor of Newark, OH
• Only 35 miles East of Columbus, Ohio
• Newark, OH is the County Seat of Licking County
• Located at the Main Street Intersection
Property Summary
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 4All SVN® offices are independently owned and operated.
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 5All SVN® offices are independently owned and operated.
1.31 Acre Zoned Commercial with all utilities on site. This a fantastic retail location and former conveniencestation ready for redevelopment. The property located just off of the Brand New Thornwood Crossing exitoff of 161 East in Newark, OH. This exit serves as the primary exit for the Licking County Memorial Hospitaland is the first Newark, Ohio exit coming from Columbus, Ohio. The exit feeds onto Cherry Valley Rd whichhas high density residential and apartments plus excellent retail traffic. The property backs up to a largemulti-family community with numerous apartment complexes. This development site has ample frontageon Cherry Valley Rd with a drive by traffic count of 12,000 cars+ The 5 mile population density is 70,000+
PROPERTY OVERVIEW
Location description-Newark, Ohio is located just 25 miles east of Columbus, Ohio and Newark is the county seat town ofLicking County. Columbus, Ohio is the 14th largest city in the Nation and Columbus is the fastest growingcity in the Midwest in both population and jobs. Newark, Ohio is home to the 2nd largest Ohio StateUniversity Branch Campus and has over 10,000 college students. Major employers include LickingMemorial Hospital, The Ohio State Uniiversity, Victory Secret Corporate, State Farm Insurance, and OwensCorning. The population of Newark, Ohio is 50,000.
LOCATION OVERVIEW
Property Description
2 LOCATIONINFORMATION
1780 Cherry Valley Rd.Newark, OH 43055
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 6
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 7All SVN® offices are independently owned and operated.
1780 Cherry Valley Road
Regional Map
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 8All SVN® offices are independently owned and operated.
1780 Cherry Valley Road
Aerial Map
3 SALECOMPARABLES
1780 Cherry Valley Rd.Newark, OH 43055
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 9
SUBJECT PROPERTY
1780 Cherry Valley Rd., Newark, OH 43055
$330,000Sale Price: 1.31 AcresLot Size: 1,500 SFBuilding SF:
$220.00Price PSF:
1
2112 CHERRY VALLEY RD
Newark, OH 43055
$260,000Sale Price: 1.46 AcresLot Size:
Corner Lot/ Office Building
1
2
1615 W. MAIN ST
Newark, OH 43055
$400,000Sale Price: 1.786 AcresLot Size: $5.14Price PSF:
$223,964Price / AC:
Land-Corner of Main/S. Terrace
2
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 10All SVN® offices are independently owned and operated.
Sale Comps
3
2034 CHERRY VALLEY RD
Newark, OH 43055
$242,000Sale Price: 0.56 AcresLot Size:
Law Office on Cherry Valley Rd
3
4
1845 W. MAIN ST.
Newark, OH 43055
$570,000Sale Price: 4 AcresLot Size:
Advantage Club
4
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 11All SVN® offices are independently owned and operated.
Sale Comps
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 12All SVN® offices are independently owned and operated.
1
2
3
4
SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS
1780 Cherry Valley Road1780 Cherry Valley Rd.Newark, OH 43055
$330,000 1,500 SF $220.00 - -
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
2112 Cherry Valley RdNewark, OH43055
$260,000 - - - - -
1615 W. Main StNewark, OH43055
$400,000 - - - - -
2034 Cherry Valley RdNewark, OH43055
$242,000 - - - - -
1845 W. Main St.Newark, OH43055
$570,000 - - - - -
PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
Totals/Averages $368,000 - - - -
Sale Comps Summary
1780 Cherry Valley Rd., Newark, OH 43055SUBJECT PROPERTY
1 Newark, OH43055
2112 CHERRY VALLEY RD2 Newark, OH
43055
1615 W. MAIN ST3 Newark, OH
43055
2034 CHERRY VALLEY RD4 Newark, OH
43055
1845 W. MAIN ST.
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 13All SVN® offices are independently owned and operated.
Sale Comps Map
4DEMOGRAPHICS
1780 Cherry Valley Rd.Newark, OH 43055
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 14
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 15All SVN® offices are independently owned and operated.
1 MILE 3 MILES 5 MILES
Total population 4,245 29,473 70,266
Median age 38.4 39.8 38.1
Median age (male) 33.6 37.1 35.9
Median age (female) 41.1 42.7 40.4
Total households 1,729 12,002 28,833
Total persons per HH 2.5 2.5 2.4
Average HH income $66,315 $66,206 $58,151
Average house value $161,817 $174,172 $176,842
* Demographic data derived from 2010 US Census
Demographics Report
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 16All SVN® offices are independently owned and operated.
POPULATION 1 MILE 3 MILES 5 MILES
Total population 4,245 29,473 70,266
Median age 38.4 39.8 38.1
Median age (male) 33.6 37.1 35.9
Median age (Female) 41.1 42.7 40.4
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,729 12,002 28,833
# of persons per HH 2.5 2.5 2.4
Average HH income $66,315 $66,206 $58,151
Average house value $161,817 $174,172 $176,842
* Demographic data derived from 2010 US Census
Demographics Map
5 ADVISOR BIOS1780 Cherry Valley Rd.
Newark, OH 43055
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 17
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219T 614.370.9077C [email protected]
PROFESSIONAL BACKGROUND
Kristen Wilson-Asman is a Licensed Real Estate Agent and a Senior Real Estate Advisor with SVN. She received herBachelors of Science Degree in Accounting from Miami University of Ohio. After graduation, Ms. Asman worked as anAuditor for Deloitte and Touche in Cincinnati, OH.
Ms. Asman began her real estate career with Matthews Click Bauman in Columbus, OH and later worked at McKinneyProperties and Horizons Real Estate in Property Management and Development before joining SVN in 2003. Ms. Asmanhas worked in Sales and Leasing of all Real Property Types but has focused recently on investment sales with theNational Self Storage Team.
Kristen Asman is a member of the SVN National Self Storage Team, the National Self Storage Association, and, the OhioSelf Storage Association.
Ms. Asman lives with her family in the Columbus, Ohio area.
EDUCATION
Bacheor of Science, Accountancy, Miami UniversityHondros School of Real Estate
MEMBERSHIPS & AFFILIATIONS
SVN National Self Storage TeamNational Self Storage AssociationOhio Self Storage Association
KRISTEN ASMAN
Senior Advisor
1780 CHERRY VALLEY ROAD | 1780 CHERRY VALLEY RD. NEWARK, OH 43055 SVN | Wilson Commercial Group, LLC | Page 18All SVN® offices are independently owned and operated.
Advisor Bio & Contact 1
Easton Town Center, 4200 Regent Street, Suite 200Columbus , OH 43219
614.370.9077www.svnwilson.com
All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved
