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    Fully Leased Multi-Tenant Retail Property Title is generated by Realmo AI

    3708-3710 Cleveland Ave, Columbus, OH

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    Fully leased retail property with diverse tenant mix.

    Type:RETAIL
    Property size:
    6,835 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $248/SF
    Added:
    Nov 10, 2025
    Days on Market:
    213
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for 3708-3710 Cleveland Ave

    General Information

    Standard status
    Active
    Size
    6,835 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Julie Woodson
    Julie Woodson

    Listing agent Julie Woodson License #2016002723

    Listing office Hanna Commercial Real Estate | Central Ohio

    Listing date Nov 10, 2025

    Source Moodyscre

    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 Hanna Commercial Real Estate | Central Ohio

    HighLights

    • 8.24% Cap Rate
    • Fully Leased Multi‑Tenant Property
    • Highly Trafficked Corner Lot
    • Commercial Zoning
    • Diverse Tenant Mix (Daycare, Retail, Coffee Shop, Office)
    • Two Buildings with Concrete and Asphalt Parking Lots

    Overview

    This fully leased, multi-tenant property consists of two buildings situated on a highly trafficked corner lot. The property features a concrete parking lot and an additional 0.25-acre asphalt parking lot. Zoned for commercial use, the property is currently occupied by a mix of tenants, including a daycare, retail shops, a coffee shop with a drive-thru, and office tenants. The coffee shop also includes kitchen equipment. The property size is 6,835 square feet and has an 8.24% cap rate.

    Local Financial Insights For Specialty Retail

    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 $131.2k $19.20
    − Vacancy −$9.2k −$1.34
    EGI $122.0k $17.86
    − OpEx −$30.5k −$4.46
    NOI $91.5k $13.39
    6,835 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.31M
    $1.14M – $1.53M (±1% cap)
    NOI $91,534 @ 7.0% cap · market cap 5.38%
    Second Best
    Retail
    $1.13M
    $985.0K – $1.31M (±1% cap)
    NOI $78,801 @ 7.0% cap · market cap 4.64%
    Theoretical Best
    Office A
    $1.42M
    $1.25M – $1.66M (±1% cap)
    NOI $99,711 @ 7.0% cap · market cap 5.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Smart Mobility Hub — 416-388 Mt Vernon Ave, Columbus, OH 43215

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9586
    Latitude
    40.044

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    FAQs

    What type of property is this?
    Shopping center - Fully leased retail property with diverse tenant mix.
    Where is this shopping center located?
    The property is located at 3708-3710 Cleveland Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 8.24% Cap Rate; Fully Leased Multi‑Tenant Property; **Highly Trafficked Corner Lot**
    (614) 506-0476 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julie Woodson
    Julie Woodson
    Real Estate License ID: 2016002723
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