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Three-Story Multi-Tenant Office Building
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240 N 5th St, Columbus, OH 43215

Three-story, multi-tenant building with updated lighting, flooring, and newly renovated common areas.

Space SizeContact for details
Property Size2,582 SF
Days on Market1281

Property Features for 240 N 5th St

General Information

Standard status Active
Size 2,582 SF
Property subtype OFFICE

Building Details

Year Built 1944
Stories 3
Tenancy Multi
Listing Agency: CBRE | Columbus
Listed By: Collin Wheeler
Source: Moodyscre
Added: Feb 2, 2023 Changed: Jul 27 Last Checked: Aug 5 at 8:51AM

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 CBRE | Columbus

Investment Insights

Based on property information with market context.

240 N. Fifth Street is a three-story, multi-tenant office building constructed in 1944. The property features tall white brick walls with large windows and expansive Downtown Columbus views. Updates include improved lighting and flooring, along with new bathrooms and kitchens within the available suites.

The building’s entryway, lobby, and other common areas have been completely renovated by the landlord, Hackman Capital Partners, and the available suites have also been refreshed while maintaining the building’s original character.

This is a ready-to-occupy office option for tenants seeking a historic multi-tenant environment with modernized interiors.

Key Highlights

  • Three‑story, multi‑tenant building at 240 N. Fifth Street
  • Built in 1944 and originally first occupied by American Electric
  • Large windows on tall white brick walls provide expansive views of Downtown Columbus

Property Analytics

Current Use

Infinite Cohesion LTD (Bike/Boat/Book/etc) Store eSchoolView Marketing & Advertising Origins Game Fair Marketing & Advertising DynaCal Association Or Organization Revolution Mortgage Loan Service

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Kitchen & Bath Showroom Home Appliance Store

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,286
Businesses Nearby

Demographics for 43215, OH

20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value

Market

Lease Benchmarks for Columbus, OH

$18.59 /SF/Yr
Avg Asking Price
$0.6–$200 /SF/Yr
Price Range
10,745 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Office units - Three-story, multi-tenant building with updated lighting, flooring, and newly renovated common areas.
Where is this office units located?
The property is located at 240 N 5th St Columbus, OH.
What are key features of this property?
This property features: Three‑story, multi‑tenant building at 240 N. Fifth Street; Built in 1944 and originally first occupied by American Electric; Large windows on tall white brick walls provide expansive views of Downtown Columbus
(614) 224-1492 Call to check price and availability
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