Versatile Commercial Space in
1115 Lawrence Drive Columbus, OH 43207
For Sale
Contact for pricing
Pending
Move-in ready 2,200 SF commercial space with high visibility.
Property Size2,200 SF
Days on Market117
Property Features for 1115 Lawrence Drive
General Information
- Standard status
- Pending
- Size
- 2,200 SF
- Property subtype
- Mixed Use, Retail, Office, Special Purpose
Building Details
- Year Built
- 1993
Listing Agency:
Cutler Real Estate
Listed By:
Stefani Robinson · License #2002020967
Source:
Crexi
Added: Apr 1
Changed: Jul 6
Last Checked: Jul 24 at 5:16PM
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 Cutler Real Estate
Investment Insights
Based on property information with market context.
This 2,200 SF all-block building presents a prime opportunity for establishing or relocating a business in a high-visibility, heavily traveled location in Columbus. Zoned C-4 (Regional Commercial), the property offers flexibility for various uses, including retail, office, salon, automotive, or contractor space. Buyers should verify specific use suitability. The space was updated approximately 8 years ago and features a terrazzo entry with metal medallions, a remodeled bath with stone shower and flooring, a conference room with limestone floors and wood wainscoting, and a lounge area finished with limestone flooring. The layout includes two private offices and a functional warehouse space with a full floor drain and holding tank, suitable for automotive or wash-related use. Additional features include 10' ceilings, 200 amp electric, concrete floors, block construction, a drive-in door, a utility sink, and attic storage. Parking is available for 9-10 vehicles. This versatile, move-in ready commercial space combines function and style in a prime location.
Key Highlights
- Prime location with high visibility and heavy traffic.
- C‑4 zoning allows for a wide range of commercial uses (retail, office, salon, automotive, contractor, etc.).
- 2,200 SF all‑block building, thoughtfully updated approximately 8 years ago.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $21.84 |
| − Vacancy | −$11.5k | −$5.24 |
| EGI | $36.5k | $16.60 |
| − OpEx | −$11.0k | −$4.98 |
| NOI | $25.6k | $11.62 |
2,200 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$365.2K
$319.5K – $426.0K
NOI $25,562 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$352.6K
$308.5K – $411.3K
NOI $24,679 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$443.4K
$388.0K – $517.3K
NOI $31,039 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Taqueria El Torito
Restaurant
FAQs
What type of property is this?
Mixed-use property - Move-in ready 2,200 SF commercial space with high visibility.
Where is this mixed-use property located?
The property is located at 1115 Lawrence Drive Columbus, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location with high visibility and heavy traffic.; C‑4 zoning allows for a wide range of commercial uses (retail, office, salon, automotive, contractor, etc.).; 2,200 SF all‑block building, thoughtfully updated approximately 8 years ago.
