Renovated Flex Live-Work
2582 Cleveland Avenue Columbus, OH 43211
2582 Cleveland Avenue, Columbus, OH, 43211
$585,000
For Sale
$585,000
Fully renovated flex building with versatile main-level space and an upstairs layout for office and apartment use.
Property Size8,850 SF
Price / SF$66.10
Days on Market233
Property Features for 2582 Cleveland Avenue
General Information
- Standard status
- Active
- Size
- 8,850 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1947
Listing agency
N/A
(740) 334-0912
Listed by
Josh Hardbarger
(740) 334-0912
Source
Xome
Added: Dec 2, 2025 Updated: Jul 22 at 8:45PM Checked: Jul 22 at 8:45PM
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 N/A
Investment Insights
Based on property information with market context.
This fully renovated commercial building is designed for flexible use, with modern finishes throughout and clean, dry condition from top to bottom. The main level offers adaptable space suitable for retail, service, automotive, warehouse, or workshop use. Upstairs includes three large rooms plus a private office and a four-room apartment, supporting live/work operation or rental.
Located on high-visibility Cleveland Ave with reported 20,000 vehicles per day, the exterior has been improved with new awnings and a complete lighting package. Major interior updates include three new HVAC systems and new upstairs electrical, along with city-approved inspections.
The building’s combined flexible commercial space and upstairs apartment configuration makes it well-suited for an owner-operator or multi-tenant setup, based on the existing layout and renovations noted in the property materials.
Located on high-visibility Cleveland Ave with reported 20,000 vehicles per day, the exterior has been improved with new awnings and a complete lighting package. Major interior updates include three new HVAC systems and new upstairs electrical, along with city-approved inspections.
The building’s combined flexible commercial space and upstairs apartment configuration makes it well-suited for an owner-operator or multi-tenant setup, based on the existing layout and renovations noted in the property materials.
Key Highlights
- Fully renovated commercial flex building with versatile main‑level space and upstairs office plus apartment layout
- Three new HVAC systems and new upstairs electrical, with city‑approved inspections
- Exterior upgrades include new awnings and a full lighting package
Local 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 | $54.2k | $6.12 |
| − Vacancy | −$4.2k | −$0.47 |
| EGI | $50.0k | $5.65 |
| − OpEx | −$7.5k | −$0.85 |
| NOI | $42.5k | $4.80 |
8,850 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,247 @ 7.0% cap · market cap 17.48%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,554 @ 7.0% cap · market cap 17.36%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,107 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KMA Electric and Heating ...
Hardware & Home Improvement
Apostolic House Of Worship
Church
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FAQs
What type of property is this?
Flex space - Fully renovated flex building with versatile main-level space and an upstairs layout for office and apartment use.
Where is this flex space located?
The property is located at 2582 Cleveland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Fully renovated commercial flex building with versatile main‑level space and upstairs office plus apartment layout; Three new HVAC systems and new upstairs electrical, with city‑approved inspections; Exterior upgrades include new awnings and a full lighting package
