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    5470 Hamilton Rd Columbus, OH 43230

    For Sale
    $990,000

    High-traffic location, redevelopment potential.

    Property size:
    1,899 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1.83-acre commercial property, located at 5470 N Hamilton Road in Columbus, Ohio, presents a unique investment opportunity. Situated in Plain Township, just south of the recently developed Hamilton Quarters, this property benefits from its prime location on a high-traffic thoroughfare within the vibrant New Albany/Gahanna retail corridor. The site offers multiple potential uses, making it ideal for a variety of commercial ventures. The property includes an existing 1,899 square foot building, providing immediate potential for occupancy or renovation. Its current zoning in Plain Township makes it ripe for annexation and redevelopment, allowing for significant flexibility in future development plans. The high visibility and accessibility of this location, combined with the substantial land area and existing building, create a compelling opportunity for investors seeking a strong return. Note that the property's cell tower lease is not included in the sale. The asking price for this exceptional property is $990,000. This is a rare chance to acquire a strategically located commercial property with significant upside potential.

    Property Features for 5470 Hamilton Rd

    General Information

    Property type
    Retail properties
    Square Feet
    1,899 SF
    Lot Size
    79,715 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Leaders Auto Sales ... Used Car Dealer adf custom General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.86228
    Latitude
    40.06797

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, redevelopment potential.
    Where is this retail property located?
    The property is located at 5470 Hamilton Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $990,000.
    (614) 559-3350
    Request Owner's contact information
    5470 Hamilton Rd Columbus, OH 43230
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    Columbus, OH 43230
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5470 Hamilton Rd Columbus, OH 43230
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