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1040 Mt Vernon Ave, Columbus, OH 43203
Two-building retail center beside a city-owned park with planned modernization and additional retail pad development.
Space Size52,000 SF
Days on Market161
Property Features for 1040 Mt Vernon Ave
General Information
Standard status
Active
Size
52,000 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
52,000 SF
Year Built
1978
Tenancy
Single
Spaces For Lease
at 1040 Mt Vernon Ave Contact us- Size
- 52,000 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space $22/SF/Yr
Listing Agency:
The Robert Weiler Company
(380) 210-0604
Listed By:
Ty Patillo · License #2016004550
Source:
Crexi
Added: Mar 24
Changed: Aug 30
Last Checked: Aug 30 at 11:22PM
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 The Robert Weiler Company
Investment Insights
Based on property information with market context.
Mt. Vernon Plaza is a two-building shopping center totaling approximately 52,000 SF. Developed in 1978, the property serves as a neighborhood retail destination and is positioned beside a city-owned park at 1040 Mt Vernon Ave in Columbus, Ohio.
Planned improvements include modernization of the existing center, creation of two new retail pad sites, and construction of a 47-unit affordable housing community. The adjacent park is also planned for reactivation as a shared amenity. Surrounding initiatives identified for the area include Sawyer Towers, Franklin Park Conservatory, the Taylor Avenue Corridor, the Adelphi Quarter, and Adelphi Bank.
Planned improvements include modernization of the existing center, creation of two new retail pad sites, and construction of a 47-unit affordable housing community. The adjacent park is also planned for reactivation as a shared amenity. Surrounding initiatives identified for the area include Sawyer Towers, Franklin Park Conservatory, the Taylor Avenue Corridor, the Adelphi Quarter, and Adelphi Bank.
Key Highlights
- Approximately 52,000 SF across two buildings
- Developed in 1978
- Adjacent to a city‑owned park
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Under-served
Demand for This Use
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
Market
Lease Benchmarks for Columbus, OH
$15.24 /SF/Yr
Avg Asking Price
$12–$20 /SF/Yr
Price Range
24,287 SF
Avg Space Size
This space is priced 44% above the average of $15.24 /SF/Yr.
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center beside a city-owned park with planned modernization and additional retail pad development.
Where is this shopping center located?
The property is located at 1040 Mt Vernon Ave Columbus, OH.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Approximately 52,000 SF across two buildings; Developed in 1978; Adjacent to a city‑owned park
