Multi-Unit Retail Space Near
For Sale
Contact for pricing
1001 Mount Vernon Avenue, Columbus, OH 43203
Retail space minutes from downtown Columbus with highway access.
Property Size2,360 SF
Price / SF$233.05
Days on Market1205
Property Features for 1001 Mount Vernon Avenue
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Mixed Use
Building Details
Year Built
1921
Listing Agency:
Anchor Real Estate Group
Listed By:
Denise Pace · License #444298
(614) 264-8042
Source:
Crexi
Added: Jun 24, 2023
Changed: Oct 9
Last Checked: Oct 9 at 7:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anchor Real Estate Group
Investment Insights
Based on property information with market context.
This multi-unit retail space presents a significant opportunity. The property is located minutes from downtown Columbus, Ohio, and offers quick access to I-670, I-71, and I-70. The property size is 2360 square feet.
Key Highlights
- Multi‑unit retail space
- Minutes from downtown Columbus
- Quick access to I‑670
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,081
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,620
$541.6K
Cap Rate 7%
$386,871
$386.9K
Cap Rate 9%
$300,900
$300.9K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$48.1K $20.40/SF
− Vacancy
−$4.8K −$2.04/SF
EGI
$43.3K $18.36/SF
− OpEx
−$16.2K −$6.89/SF
NOI
$27.1K $11.48/SF
Area
Columbus, OH
Vacancy
10.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,620
Cap Rate 7%
$386,871
Cap Rate 9%
$300,900
Alternative Uses
Best Use
Mixed Use
$386.9K
$338.5K – $451.4K
NOI $27,081 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.8K
$430.4K – $573.8K
NOI $34,429 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 43203, OH
8,726
Population
5,301
Households
1.6
Avg Household Size
32
Median Age
30%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
6,233
Density / Sq Mi
$44,099
Median Household Income
$36,918
Median Earnings
$930
Median Rent
$282,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space minutes from downtown Columbus with highway access.
Where is this mixed-use property located?
The property is located at 1001 Mount Vernon Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Multi‑unit retail space; Minutes from downtown Columbus; Quick access to I‑670
