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Loft Office in Opportunity Zone
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2323 W 5th Ave, Columbus, OH 43219

Contemporary office space with exposed ceilings and ample parking.

Space Size2,780 SF - 13,480 SF
Lot Size5.85 Acres
Days on Market698

Property Features for 2323 W 5th Ave

General Information

Standard status Active
Size 2,780 SF - 13,480 SF
Lot size 5.85 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 2323 W 5th Ave Contact us

The Cliffs Office Center $15.50/SF/Yr

Floor
2
Size
13,480 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Located in a OH Qualified Opportunity Zone CLICK HERE TO VIEW MAP - Contemporary...
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The Cliffs Office Center $15.50/SF/Yr

Floor
2
Size
2,780 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Located in a OH Qualified Opportunity Zone CLICK HERE TO VIEW MAP - Contemporary...
show more
Contact us

The Cliffs Office Center $15.50/SF/Yr

Floor
1
Size
3,432 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Located in a OH Qualified Opportunity Zone CLICK HERE TO VIEW MAP - Contemporary...
show more
Contact us

The Cliffs Office Center $15.50/SF/Yr

Floor
1
Size
5,857 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Located in a OH Qualified Opportunity Zone CLICK HERE TO VIEW MAP - Contemporary...
show more
Contact us
Listing Agency: Colliers | Columbus
Listed By: Andrew Jameson, SIOR, CCIM · License #2003014855
Source: Moodyscre
Added: Sep 23, 2024 Changed: Aug 8 Last Checked: Aug 20 at 1:01PM

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 Colliers | Columbus

Investment Insights

Based on property information with market context.

This office building, suitable for both office and medical use, features contemporary loft office designs with exposed ceilings, spiral duct work, and a great window line providing natural light. The property is located in an Ohio Qualified Opportunity Zone. It includes a common area conference room equipped with new furniture, AV equipment, and a large flatscreen TV. The restrooms were renovated in 2013 and are ADA-compliant. The atrium has been renovated with new elevator service to the second floor. The building offers the ability to accommodate dense parking requirements free of charge, with parking available at a ratio of 5 per 1,000 square feet. It also features a state-of-the-art HVAC management system, after-hours security management system, and a full building generator. Turn-key buildouts are available. The property is ideal for dental use.

Key Highlights

  • Free parking at a ratio of 5/1,000 SF, accommodating dense parking requirements.
  • Located in an OH Qualified Opportunity Zone.
  • Full building generator.

Property Analytics

Current Use

Digital Data Technologies, ... (Bike/Boat/Book/etc) Store Plevin & Gallucci Law Firm Rapid Response Trainings, ... Training Center Youth Advocate Services Charitable Organization WTVN Radio Station

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Accounting Firm Bakery Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 43219, OH

30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value

Market

Lease Benchmarks for Columbus, OH

$18.1 /SF/Yr
Avg Asking Price
$0.38–$200 /SF/Yr
Price Range
12,839 SF
Avg Space Size

This space is priced 14% below the average of $18.1 /SF/Yr.

Vacancy Rate% for Office in Columbus, OH

14.1% 2019
20.2% 2020
23.4% 2021
26.3% 2022
25.6% 2023
24.1% 2024
23.5% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Contemporary office space with exposed ceilings and ample parking.
Where is this office units located?
The property is located at 2323 W 5th Ave Columbus, OH.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Free parking at a ratio of 5/1,000 SF, accommodating dense parking requirements.; Located in an OH Qualified Opportunity Zone.; Full building generator.
(614) 206-6882 Call to check price and availability
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