Freestanding Retail Building with
1771-1773 W 5th Ave Columbus, OH 43212
1771-1773 W 5th Ave, Columbus, OH, 43212
Contact for pricing
For Sale
Contact for pricing
Zoned C, this 1925 freestanding building combines retail space with walk-up apartments above.
Property Size6,194 SF
Price / SF$129.16
Days on Market125
Property Features for 1771-1773 W 5th Ave
General Information
- Standard status
- Active
- Size
- 6,194 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agency
NAI Ohio Equities, LLC
(614) 629-5254
Listed by
John Mally · License #2013004679
Source
Crexi
Added: Mar 19 Updated: Jul 20 at 10:01PM Checked: Jul 21 at 9:28AM
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 NAI Ohio Equities, LLC
Investment Insights
Based on property information with market context.
This 6,194-square-foot freestanding commercial building was built in 1925 and is zoned C (Commercial). The land use designation is 404—Retail/Apartments Over Walk-Up, providing a mixed-use configuration with retail uses at street level and residential units above.
The property is located at 1771-1773 W 5th Ave in Columbus, along the W 5th Avenue corridor. Complementary commercial developments are adjacent to both the east and west, and the building sits less than half a mile from historic Grandview Avenue and Grandview High School.
Area context includes proximity to Grandview Heights and The Ohio State University, supporting the property’s fit within a well-developed northwest Columbus retail market.
The property is located at 1771-1773 W 5th Ave in Columbus, along the W 5th Avenue corridor. Complementary commercial developments are adjacent to both the east and west, and the building sits less than half a mile from historic Grandview Avenue and Grandview High School.
Area context includes proximity to Grandview Heights and The Ohio State University, supporting the property’s fit within a well-developed northwest Columbus retail market.
Key Highlights
- 6,194 SF freestanding commercial building built in 1925
- Zoned C (Commercial) with land use 404—Retail/Apartments over walk‑up
- Located on the W 5th Avenue corridor in Northwest Columbus
Local Financial Insights For Retail
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 | $111.5k | $18.00 |
| − Vacancy | −$9.5k | −$1.53 |
| EGI | $102.0k | $16.47 |
| − OpEx | −$30.6k | −$4.94 |
| NOI | $71.4k | $11.53 |
6,194 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$892.6K – $1.19M
NOI $71,411 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,360 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Zoned C, this 1925 freestanding building combines retail space with walk-up apartments above.
Where is this retail space located?
The property is located at 1771-1773 W 5th Ave Columbus, OH.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 6,194 SF freestanding commercial building built in 1925; Zoned C (Commercial) with land use 404—Retail/Apartments over walk‑up; Located on the W 5th Avenue corridor in Northwest Columbus
