Multi-Use Flex
2453 Sullivant Avenue # 3 Columbus Columbus, OH 43204
2453 Sullivant Avenue # 3 Columbus, Columbus, OH, 43204
$139,900
For Sale
$139,900
Multi-use building features a large drive-in garage with rear lot access, plus main level and full basement.
Property Size2,340 SF
Price / SF$59.79
Days on Market16
Property Features for 2453 Sullivant Avenue # 3 Columbus
General Information
- Standard status
- Active
- Size
- 2,340 SF
Building Details
- Year Built
- 1910
Listing agency
(614) 660-5959
Listed by
Penny Ray
(614) 660-5959
Source
Movenowohio
Added: Jul 7 Updated: Jul 21 at 9:49PM Checked: Jul 21 at 9:49PM
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 Penny Ray
Investment Insights
Based on property information with market context.
This multi-use building includes approximately 2,340 SF on the main level, a full basement, and a rare 1,800 SF drive-in garage. The garage provides rear lot access, supporting flexible layouts for a variety of commercial concepts. The property is zoned URG-1, which allows a wide range of potential uses as described in the remarks, including residential, retail, service, and other commercial applications. Please note the property will require substantial renovation; “Go and Show.”
The property is located at 2453 Sullivant Avenue #3 in Columbus, Ohio. Rear lot access tied to the drive-in garage is a key site attribute for use cases that benefit from direct vehicle entry.
The property is located at 2453 Sullivant Avenue #3 in Columbus, Ohio. Rear lot access tied to the drive-in garage is a key site attribute for use cases that benefit from direct vehicle entry.
Key Highlights
- Multi‑use building on a 0.12‑acre lot with a 2,340 SF main level plus a full basement
- Rare 1,800 SF drive‑in garage with rear lot access
- Zoned URG‑1, allowing a wide range of potential uses including residential, retail, and service
Local Financial Insights For Industrial
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 | $14.3k | $6.12 |
| − Vacancy | −$1.1k | −$0.47 |
| EGI | $13.2k | $5.65 |
| − OpEx | −$4.0k | −$1.69 |
| NOI | $9.3k | $3.95 |
2,340 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$385.4K
$337.2K – $449.6K
NOI $26,978 @ 7.0% cap · market cap 19.28%
Second Best
Flex RnD
$332.2K
$290.7K – $387.6K
NOI $23,253 @ 7.0% cap · market cap 16.62%
Theoretical Best
Office A
$487.7K
$426.7K – $569.0K
NOI $34,137 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Multi-use building features a large drive-in garage with rear lot access, plus main level and full basement.
Where is this flex space located?
The property is located at 2453 Sullivant Avenue # 3 Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Multi‑use building on a 0.12‑acre lot with a 2,340 SF main level plus a full basement; Rare 1,800 SF drive‑in garage with rear lot access; Zoned URG‑1, allowing a wide range of potential uses including residential, retail, and service
