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High-Visibility Automotive Garage on Cleveland

1550 Cleveland Avenue, Columbus, OH 43211

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For Sale

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Automotive garage on high-traffic corridor, minutes from downtown.

Type:Retail

Property size:

3,917 SF

Price / SF:

$151/SF

HighLights

High‑visibility location on heavily trafficked Cleveland Avenue.
Multiple service bays and high overhead doors suitable for various automotive or light industrial uses.
Ample parking for customers and inventory.
Easy ingress and egress, with potential for drive‑through service or expansion.
Utilities in place (water, gas, electric, air lines).
Minutes from major freeways and downtown Columbus.

We can help!

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Denise Pace

For Sale

Contact for pricing

Automotive garage on high-traffic corridor, minutes from downtown.

Type:Retail

Property size:

3,917 SF

Price / SF:

$151/SF

Added:: Mar 20, 2024
Days on Market:: 840
Last Refresh:: Jun 21 at 7:31 am

Property Features for 1550 Cleveland Avenue

General Information

Standard status: Active
Size: 3,917 SF
Property subtype: Retail

Building Details

Year Built: 1946

We can help!

Contact an agent

Denise Pace

Listing office Anchor Real Estate Group

Listing date Mar 20, 2024

Source Crexi

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 Anchor Real Estate Group

HighLights

High‑visibility location on heavily trafficked Cleveland Avenue.
Multiple service bays and high overhead doors suitable for various automotive or light industrial uses.
Ample parking for customers and inventory.
Easy ingress and egress, with potential for drive‑through service or expansion.
Utilities in place (water, gas, electric, air lines).
Minutes from major freeways and downtown Columbus.

Overview

This automotive garage presents an opportunity for owner-operators or investors. Located on a heavily trafficked corridor in Columbus, it is situated minutes from major freeways and downtown. The property offers street presence along Cleveland Avenue, suitable for automotive services, tire shops, detailing, or light industrial uses. The garage features solid block construction with multiple service bays, high overhead doors, an office/reception area, and ample parking. Utilities in place include water, gas, electric, and air lines. The lot allows for ingress and egress, and the layout supports drive-through service or future expansion. The property has a strong daily traffic count for business exposure. The property contains 3,917 square feet. The property is being sold as-is.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$70.5k	$18.00
− Vacancy	−$6.0k	−$1.53
EGI	$64.5k	$16.47
− OpEx	−$19.4k	−$4.94
NOI	$45.2k	$11.53

3,917 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$645.1K

$564.5K – $752.7K (±1% cap)

NOI $45,159 @ 7.0% cap · market cap 7.61%

Second Best

Industrial

$221.3K

$193.6K – $258.1K (±1% cap)

NOI $15,488 @ 7.0% cap · market cap 2.61%

Theoretical Best

Office A

$816.3K

$714.3K – $952.4K (±1% cap)

NOI $57,143 @ 7.0% cap · market cap 9.63%

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

Property Profile Location Intelligence

Current Use by Public Records

Kankan Auto & Body ... Auto Repair Shop Hartoberes Home Insurance ... Insurance Agency

Suggested Use

Similar Places Nearby

Metro Auto — 1579 Joyce Ave, Columbus, OH 43219
J R Body Shop — 1566 clara st, columbus, oh 43211
The Tire and Auto Shop — 1394 Joyce Ave, Columbus, OH 43219
J & J Services — 1528 cleveland ave, columbus, oh 43211
Kankan Auto & Body Shop — 1550 Cleveland Ave, Columbus, OH 43211

Location Insight

Map
Local Demand

City: Columbus
County: Delaware
State: Ohio
Longitude: -82.9777966
Latitude: 39.9970344

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For sale
Auto shops
OH
Columbus
43211
1550 Cleveland Avenue

What type of property is this?

Auto shop - Automotive garage on high-traffic corridor, minutes from downtown.

Where is this auto shop located?

The property is located at 1550 Cleveland Avenue Columbus, OH.

What is the asking price?

The asking price for this property is $593,600.

What are key features of this property?

This property features: High‑visibility location on heavily trafficked Cleveland Avenue.; Multiple service bays and high overhead doors suitable for various automotive or light industrial uses.; Ample parking for customers and inventory.

1550 Cleveland Avenue, Columbus, OH 43211

Automotive garage on high-traffic corridor, minutes from downtown.

Property Features for 1550 Cleveland Avenue

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Retail Storefront with Basement Storage

Two-Story Office Building with Separate Suites

Temperature-Controlled Flex Building

Art Deco Warehouse with Loft Office

Two-Story Office Building with Separate Entrances

Two-Story Office Building with Basement

Triplex with Separate Detached Unit

Character Duplex with Updated Interiors

High Street Commercial Building

Fast-Casual Restaurant on Campus

Redevelopment Land Assemblage

Renovated Four-Unit Multifamily Property

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