Multi-Use Building with Drive-In
2453 Sullivant Avenue #3 Columbus, OH 43204
For Sale
Contact for pricing
Multi-use building with drive-in garage and redevelopment potential.
Property Size2,340 SF
Price / SF$59.79
Days on Market137
Property Features for 2453 Sullivant Avenue #3
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Mixed Use
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Realty
Listed By:
Ebony Richardson · License #2017006305
Source:
Crexi
Added: Mar 15
Changed: Jul 6
Last Checked: Jul 28 at 12:32PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This multi-use building is positioned along a high-visibility corridor and features a rare 1,800 SF drive-in garage with rear lot access. The property includes a 2,340 SF main level plus a full basement. Zoned URG-1, it allows a wide range of potential uses including residential, retail, service, and other commercial concepts. This zoning creates strong upside for investors, entrepreneurs, and redevelopment buyers, with possibilities for auto-related businesses, contractor space, storage, warehouse use, or hybrid retail operations. The property will require substantial renovation, making it an ideal value-add opportunity in a rapidly evolving area of Columbus, Ohio.
Key Highlights
- Rare 1,800 SF drive‑in garage with rear lot access.
- Zoned URG‑1, allowing for residential, retail, service, and commercial uses.
- 2,340 SF main level plus a full basement.
Financial Insights For Warehouse
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 | −$2.0k | −$0.85 |
| NOI | $11.2k | $4.80 |
2,340 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Retail
$385.4K
$337.2K – $449.6K
NOI $26,978 @ 7.0% cap · market cap 19.28%
Second Best
Mixed Use
$383.6K
$335.7K – $447.5K
NOI $26,852 @ 7.0% cap · market cap 19.19%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use building with drive-in garage and redevelopment potential.
Where is this mixed-use property located?
The property is located at 2453 Sullivant Avenue #3 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: Rare 1,800 SF drive‑in garage with rear lot access.; Zoned URG‑1, allowing for residential, retail, service, and commercial uses.; 2,340 SF main level plus a full basement.
