Signalized Intersection Redevelopment
5240 E Main St Columbus, OH 43213
For Sale
$1,800,000
Large parcel at a signalized intersection offers redevelopment potential in Columbus, Ohio.
Property Size7,500 SF
Price / SF$240
Days on Market67
Property Features for 5240 E Main St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Single-Tenant Vacant-User
Listing Agency:
Marcus & Millichap - Columbus
(614) 360-9036
Listed By:
Dan Yozwiak · License #License(s): OH: SAL.2008003600
(614) 360-9036
Source:
Marcusmillichap
Added: May 18
Changed: Jul 23
Last Checked: Jul 23 at 4:55AM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present an offering for a large parcel positioned at a signalized intersection. The property is available for sale and is well-suited for buyers looking for a redevelopment opportunity.
The site is located at 5240 E Main St in Columbus, Ohio (43213). Its prominent signal-controlled intersection setting supports adaptive reuse and redesign possibilities for an incoming development plan.
Additional details regarding existing improvements, configurations, and permitting considerations were not provided in the materials available for this listing, and interested parties should request the full offering package for specifics.
The site is located at 5240 E Main St in Columbus, Ohio (43213). Its prominent signal-controlled intersection setting supports adaptive reuse and redesign possibilities for an incoming development plan.
Additional details regarding existing improvements, configurations, and permitting considerations were not provided in the materials available for this listing, and interested parties should request the full offering package for specifics.
Key Highlights
- Large parcel redevelopment opportunity at a signalized intersection in Columbus, Ohio
- Located at a signalized intersection in Columbus, Ohio
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 | $148.5k | $19.80 |
| − Vacancy | −$33.0k | −$4.40 |
| EGI | $115.5k | $15.40 |
| − OpEx | −$28.9k | −$3.85 |
| NOI | $86.6k | $11.55 |
7,500 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,650 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,413 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MCL Restaurant & Bakery ...
Take-out & Catering
MCL Cafeteria
Restaurant
FAQs
What type of property is this?
Office building - Large parcel at a signalized intersection offers redevelopment potential in Columbus, Ohio.
Where is this office building located?
The property is located at 5240 E Main St Columbus, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Large parcel redevelopment opportunity at a signalized intersection in Columbus, Ohio; Located at a signalized intersection in Columbus, Ohio
