Mixed-Use Office and
3019 Cleveland Avenue #24021 Columbus, OH 43224
3019 Cleveland Avenue #24021, Columbus, OH, 43224
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For Sale
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Mixed-use building with main-level office layout and an upstairs residence, plus an unfinished basement for storage or future build-out.
Property Size1,720 SF
Price / SF$145.35
Days on Market80
Property Features for 3019 Cleveland Avenue #24021
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1937
Listing agency
Coldwell Banker Realty
Listed by
Jannette Adewunmi · License #2024004038
Source
Crexi
Added: May 4 Updated: Jul 22 at 8:46AM Checked: Jul 22 at 8:46AM
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 mixed-use property combines a commercial office layout with an upper-level residential space. The main level includes a reception area, a spacious lobby or waiting area, a kitchenette, and three private office suites. The upper level is set up for residential use with three bedrooms, a full bathroom, a full kitchen, and a living room area. A large, unfinished basement provides storage and offers space for future build-out.
The building has previously been utilized as an auto dealership and office complex. The property is being sold as-is, and buyers should verify all zoning, permitted uses, and square footage.
The configuration can support up to six individual office units, either for multi-tenant leasing or for a single office operation with room to expand, depending on how the space is reconfigured and approved.
The building has previously been utilized as an auto dealership and office complex. The property is being sold as-is, and buyers should verify all zoning, permitted uses, and square footage.
The configuration can support up to six individual office units, either for multi-tenant leasing or for a single office operation with room to expand, depending on how the space is reconfigured and approved.
Key Highlights
- 1937 mixed‑use building with main‑level commercial space and an upstairs residential unit
- Main level includes reception area, lobby/waiting area, kitchenette, and three private office suites
- Upper level is set up for residential use with 3 bedrooms, full bathroom, full kitchen, and living room area
Local Financial Insights For Office B
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 | $34.1k | $19.80 |
| − Vacancy | −$7.6k | −$4.40 |
| EGI | $26.5k | $15.40 |
| − OpEx | −$6.6k | −$3.85 |
| NOI | $19.9k | $11.55 |
1,720 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 7.95%
Second Best
Mixed Use
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$358.5K
$313.7K – $418.2K
NOI $25,092 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with main-level office layout and an upstairs residence, plus an unfinished basement for storage or future build-out.
Where is this live-work space located?
The property is located at 3019 Cleveland Avenue #24021 Columbus, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1937 mixed‑use building with main‑level commercial space and an upstairs residential unit; Main level includes reception area, lobby/waiting area, kitchenette, and three private office suites; Upper level is set up for residential use with 3 bedrooms, full bathroom, full kitchen, and living room area
