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240 N 5th St, Columbus, OH 43215

Three-story multi-tenant office building with large windows, updated lighting and flooring, and recently renovated common areas.

Space Size6,244 SF
Days on Market1318

Property Features for 240 N 5th St

General Information

Standard status Active
Size 6,244 SF
Property subtype OFFICE

Amenities

updated lighting
updated flooring
new bathrooms
new kitchens
renovated entry way
renovated lobby
renovated common areas
expansive views

Building Details

Year Built 1944
Stories 3
Tenancy Multi

Spaces For Lease

at 240 N 5th St Contact us

240 N 5th St

Floor
2
Size
6,244 SF
Type
OFFICE
Availability
AVAILABLE, Now
Sublease
No
- 240 N. Fifth Street is a three-story, multi-tenant building, constructed in 1944...
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Listing Agency: CBRE | Columbus
Listed By: Collin Wheeler
Source: Moodyscre
Added: Feb 2, 2023 Changed: Sep 3 Last Checked: Sep 11 at 6:26AM

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 that frame expansive Downtown Columbus views. Updates include lighting and flooring, as well as new bathrooms and kitchens within available suites.

The landlords, Hackman Capital Partners, have completed a comprehensive renovation of the entry way, lobby, and other building common areas, along with improvements to the available suites. With its vintage warehouse character refreshed into modern office-ready space, the building is positioned for a range of office users seeking updated interior conditions and strong natural light from its large-window façade.

Key Highlights

  • Three‑story, multi‑tenant office building constructed in 1944; first occupied by American Electric
  • Large windows with expansive views of Downtown Columbus
  • Updated lighting and flooring throughout

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

6,113
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

$16.75 /SF/Yr
Avg Asking Price
$3.3–$26 /SF/Yr
Price Range
45,690 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 building - Three-story multi-tenant office building with large windows, updated lighting and flooring, and recently renovated common areas.
Where is this office building 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 office building constructed in 1944; first occupied by American Electric; Large windows with expansive views of Downtown Columbus; Updated lighting and flooring throughout
(614) 224-1492 Call to check price and availability
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