Mixed-Use Building Near
For Sale
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480 E Main Street, Columbus, OH 43215
5,800 SF mixed-use building suitable for warehousing, studio, or restaurant.
Property Size5,800 SF
Lot Size0.37 Acres
Price / SF$0.78
Days on Market268
Property Features for 480 E Main Street
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.37 Acres
Property subtype
Retail
Lease Term
Gross
Building Details
Building Size
5,800 SF
Year Built
1948
Properties For Sale
at 480 E Main Street
For Lease
Size
5,200 SF
Type
Vehicle Related
Term
Negotiable
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Dan Sheeran · License #2016006190
(614) 581-2434
Source:
Ohioequities
Added: Jan 27
Changed: Oct 16
Last Checked: Oct 20 at 7:02PM
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 NAI Ohio Equities, LLC
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Investment Insights
Based on property information with market context.
This 5,800 SF freestanding building is located on 0.37 acres in downtown Columbus, near I-71, along heavily traveled E Main Street. Currently operating as an automotive repair shop, the site is suitable for multiple mixed-use purposes, including warehousing, distribution, studio space, restaurants, or breweries. The property features 55 feet of frontage on E. Main Street and offers ease of access to the rest of downtown. It includes an office area, pylon signage, one drive-in door, floor drains, and racking. The zoning is Downtown District (DD). The location is convenient to downtown Columbus, between 4th Street and Interstate 71 along busy E. Main Street near Parsons Avenue, right off of I-71’s Main Street exit, and minutes from German Village, Nationwide Children’s Medical Center, and various amenities in the downtown area.
Key Highlights
- 5,800 SF Freestanding Mixed‑Use Building in Downtown Columbus
- Prime Location: Near I‑71, E Main St, German Village, and Downtown Amenities
- Zoned Downtown District (DD) for Various Mixed‑Use Purposes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,934
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,680
$458.7K
Cap Rate 7%
$327,629
$327.6K
Cap Rate 9%
$254,822
$254.8K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$35.5K $6.12/SF
− Vacancy
−$2.7K −$0.47/SF
EGI
$32.8K $5.65/SF
− OpEx
−$9.8K −$1.69/SF
NOI
$22.9K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,680
Cap Rate 7%
$327,629
Cap Rate 9%
$254,822
Alternative Uses
Best Use
Retail
$955.3K
$835.9K – $1.11M
NOI $66,868 @ 7.0% cap · market cap 1,485.96%
Second Best
Flex RnD
$823.4K
$720.5K – $960.6K
NOI $57,636 @ 7.0% cap · market cap 1,280.80%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,612 @ 7.0% cap · market cap 1,880.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,960
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbus, OH
Similar Off Market Nearby
- Kirk's Body Shop — 751 Wager St, Columbus, OH 43206
- John's Tire and Brake Service — 807 Parsons Ave, Columbus, OH 43206
- H and M towing — 779 Parsons Ave, Columbus, OH 43206
- Berkeley Towing Service — 559 S High St, Columbus, OH 43215, United States
- Pump Pro's — 513 City Park Ave, Columbus, OH 43215
Frequently Asked Questions
What type of property is this?
Auto shop - 5,800 SF mixed-use building suitable for warehousing, studio, or restaurant.
Where is this auto shop located?
The property is located at 480 E Main Street Columbus, OH.
What are key features of this property?
This property features: 5,800 SF Freestanding Mixed‑Use Building in Downtown Columbus; Prime Location: Near I‑71, E Main St, German Village, and Downtown Amenities; Zoned Downtown District (DD) for Various Mixed‑Use Purposes
