Freestanding Restaurant
1771 W 5th Ave Columbus, OH 43212
1771 W 5th Ave, Columbus, OH, 43212
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For Sale
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Freestanding commercial building with a full basement and first-floor commercial kitchen area for restaurant operators.
Property Size6,194 SF
Price / SF$129.16
Days on Market52
Property Features for 1771 W 5th Ave
General Information
- Standard status
- Active
- Size
- 6,194 SF
- Property subtype
- RETAIL
Listing Agency
NAI Ohio Equities
(614) 570-7804
Listed by
John Mally · License #2013004679
(614) 570-7804
Source
Moodyscre
Added: May 28 Checked: Jul 17 at 5:36 am
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
Investment Insights
Based on property information with market context.
This freestanding commercial building offers 6,194 square feet of space and includes a full basement. The first floor features a commercial kitchen area, providing the core infrastructure needed for food service operations. The property is well-suited for an owner-operator or an investor seeking a dedicated setup for restaurant use.
The building’s standalone configuration can support straightforward access and on-site operational flow without relying on shared space. With the kitchen located on the first floor and additional space in the basement, the layout is designed to accommodate both day-to-day food production and supplementary storage or support functions.
For buyers, this asset fits well for restaurant concepts that require an in-house commercial kitchen, as well as operators who prefer a freestanding footprint. The existing kitchen improvement is a practical starting point for underwriting buildout timelines, and the basement adds flexibility for back-of-house needs. This is a strong opportunity for an investor or operator looking for a property specifically aligned with food service use.
The building’s standalone configuration can support straightforward access and on-site operational flow without relying on shared space. With the kitchen located on the first floor and additional space in the basement, the layout is designed to accommodate both day-to-day food production and supplementary storage or support functions.
For buyers, this asset fits well for restaurant concepts that require an in-house commercial kitchen, as well as operators who prefer a freestanding footprint. The existing kitchen improvement is a practical starting point for underwriting buildout timelines, and the basement adds flexibility for back-of-house needs. This is a strong opportunity for an investor or operator looking for a property specifically aligned with food service use.
Key Highlights
- 6,194 SF freestanding commercial building
- Full basement
- First‑floor commercial kitchen area
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
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $82,950 @ 7.0% cap · market cap 10.37%
Second Best
Retail
$1.02M
$892.6K – $1.19M
NOI $71,411 @ 7.0% cap · market cap 8.93%
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
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding commercial building with a full basement and first-floor commercial kitchen area for restaurant operators.
Where is this retail space located?
The property is located at 1771 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; Full basement; First‑floor commercial kitchen area
