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Columbus Industrial/Flex Building For Sale

700 Taylor Avenue Columbus, OH 43219

700 Taylor Avenue, Columbus, OH, 43219
$950,000
For Sale
Claim this Listing
$950,000

Stand-alone industrial/flex building with new lease near downtown Columbus.

Property Size7,020 SF
Lot Size0.61 Acres
Price / SF$135.33
AddedMar 4, 2025
Days on Market499
Last RefreshJul 15 at 3:30 pm

Property Features for 700 Taylor Avenue

General Information

Standard status
Active
Size
7,020 SF
Lot size
0.61 Acres
Property subtype
Industrial / Business

Building Details

Year Built
2000

Listing office Hanna Commercial, LLC

Listing date Mar 4, 2025

Source Compass

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 Hanna Commercial, LLC


Investment Insights

Based on property information with market context.

This stand-alone industrial/flex building is located just east of downtown Columbus. The property offers 7,020 square feet of space, including 3,930 square feet of office space and 3,090 square feet of warehouse space. Situated on 0.61 acres, the property features ample parking and a 10' x 10' drive-in door. The warehouse has a 13' clear height. The office area includes seven offices (one executive, one oversized, five standard), a large conference room, open workspace, kitchenette, and multiple storage areas. There are four restrooms (office and warehouse). The building is less than a mile from I-670 and Leonard Ave on/off ramps. A new 5 year lease with 5 year option was just signed in March, making this an investment opportunity.

Key Highlights

  • New 5‑year lease with a 5‑year option, ideal for a 1031 exchange buyer
  • 7,020 sq ft stand‑alone industrial/flex building near downtown Columbus
  • Excellent location less than a mile from I‑670 and Leonard Ave on/off ramps

Local Financial Insights For Office B

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 $139.0k $19.80
− Vacancy −$30.9k −$4.40
EGI $108.1k $15.40
− OpEx −$27.0k −$3.85
NOI $81.1k $11.55
7,020 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.16M
$1.01M – $1.35M (±1% cap)
NOI $81,104 @ 7.0% cap · market cap 8.54%
Second Best
Flex RnD
$996.6K
$872.0K – $1.16M (±1% cap)
NOI $69,759 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M (±1% cap)
NOI $102,410 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Spectrum Lighting Inc (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Dental Office Restaurant Spa & Massage Center Law Firm Nail Salon Hair Salon Skin Care Clinic Parking Lot & Garage Hotel & Motel

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

Similar Off Market Nearby

  • Harry's Grill Station — 737 Parkwood Ave, Columbus, OH 43219
  • 5th Avenue Fresh LLC — 737 Parkwood Ave, Columbus, OH 43219
  • FEED THE NEED — 738 Parkwood Ave, Columbus, OH 43219
  • Natural Gourmet Foods — 737 Parkwood Ave, Columbus, OH 43219
  • Chef Capaldi — 737 Parkwood Ave, Columbus, OH 43219

FAQs

What type of property is this?
Flex space - Stand-alone industrial/flex building with new lease near downtown Columbus.
Where is this flex space located?
The property is located at 700 Taylor Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: New 5‑year lease with a 5‑year option, ideal for a 1031 exchange buyer; 7,020 sq ft stand‑alone industrial/flex building near downtown Columbus; Excellent location less than a mile from I‑670 and Leonard Ave on/off ramps
Contact an agent
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