Multi-Tenant Retail Strip
For Sale
Contact for pricing
Pending
2254 S Hamilton Rd, Columbus, OH 43232
Fully leased retail center with established tenancy and recent HVAC and roofing improvements near I-70.
Property Size16,050 SF
Days on Market41
Property Features for 2254 S Hamilton Rd
General Information
Standard status
Pending
Size
16,050 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
10%
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Equity LLC Hilliard
Listed By:
Patrick Wathen · License #OH 2005014251
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 29 at 10:51PM
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 Equity LLC Hilliard
Investment Insights
Based on property information with market context.
Plaza East is a 16,050-square-foot multi-tenant retail strip center at 2254 S Hamilton Rd in Columbus, Ohio. The property is 100% occupied, and five tenants have maintained occupancy for more than 10 years. Recent capital work includes new HVAC units and a replaced roof.
The center is positioned one-half mile from I-70 and one mile from Eastland Mall, with direct access from S Hamilton Rd. The offering carries a 10% going-in cap rate. Existing gross leases may provide an opportunity to transition lease structures to NNN and align rents with market levels, subject to lease terms and execution.
The center is positioned one-half mile from I-70 and one mile from Eastland Mall, with direct access from S Hamilton Rd. The offering carries a 10% going-in cap rate. Existing gross leases may provide an opportunity to transition lease structures to NNN and align rents with market levels, subject to lease terms and execution.
Key Highlights
- 16,050 SF multi‑tenant retail strip center
- 100% occupied with five tenants in place for more than 10 years
- 10% going‑in cap rate
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail center with established tenancy and recent HVAC and roofing improvements near I-70.
Where is this strip mall located?
The property is located at 2254 S Hamilton Rd Columbus, OH.
What are key features of this property?
This property features: 16,050 SF multi‑tenant retail strip center; 100% occupied with five tenants in place for more than 10 years; 10% going‑in cap rate
