2999 Dublin Granville RdColumbus, OH 43231

For Sale
$1,395,000

High-yield office building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-story office building, situated at 2999 E Dublin Granville Rd, Columbus, OH 43231, presents a compelling investment opportunity. Boasting 24,012 square feet of leasable space, this Class B property offers a strong 9.14% capitalization rate and a healthy 93.6% occupancy rate, generating a net operating income (NOI) of $102,238. Built in 1974 and renovated in 1988, the building features 22 tenant suites, each designed as a small office layout, providing value to tenants. The property sits on a 1.084-acre lot and includes ample parking with a ratio of 85 spaces for approximately 4 per 1000 square feet. Its strategic location on SR-161 provides immediate access to I-270, ensuring excellent visibility and convenient access for tenants and visitors. The building benefits from a recently replaced roof (2023) and short-term lease structures, offering flexibility for the new owner. The asking price is $1,395,000, translating to $58.10 per square foot. This property is an ideal investment for those seeking a strong return in a thriving Columbus market.

Highlights

  • Class B, three-story office building totaling 24,012 square feet.
  • 9.14% capitalization rate and 93.6% occupancy, generating $102,238 NOI.
  • 22 small office suites on a 1.08-acre lot with 85 parking spaces (approx. 4/1000 sq ft).
  • Excellent location on SR-161 with easy I-270 access.
  • Recently replaced roof (2023), short-term leases, and asking price of $1,395,000 ($58.10/sq ft).

Property Details for 2999 Dublin Granville Rd

Property type
Other office properties, Office properties
Square Feet
24,012 SF
Class
B
Year Built/Renovated
1974/1988
Stories
3
Lot Size (sq. ft)
47,219 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0812304
Longitude
-82.9370081
2999 Dublin Granville Rd, Columbus, Ohio
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2999 Dublin Granville Rd
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