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    24 East St Columbus, OH 43228

    Sponsored
    For Sale
    $530,000

    Prime Commercial Warehouse, Ohio Health proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Columbus, Ohio commercial property at 24 East Street, offers a unique investment opportunity. The 1959-built, all-brick warehouse building is ideally situated for diverse uses, including medical offices, educational programs, or continued use as a warehouse. Its location provides convenient access to major roadways, including less than 1.5 miles to Interstates 270, 70, and 71, ensuring excellent transportation links. The property benefits from its proximity to Ohio Health and Norton Middle School, offering high visibility and potential for synergistic partnerships. Significant recent investments enhance the property's value, including a new roof installed six years ago at a cost of $225,000, and two newer 2.5-ton heating systems. The building's commercial zoning allows for a range of possibilities, from expanding existing operations to developing new ventures. The lot size is not currently specified. An adjacent property on West Broad Street is also available for purchase, presenting an opportunity to expand the footprint significantly. This versatile property presents a compelling investment opportunity in a thriving Columbus location. The property is located in Franklin County, Ohio, with a zip code of 43228.

    Property Features for 24 East St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1959

    HighLights

    • 1959‑built, all‑brick warehouse building in Columbus, OH, offering diverse use potential.
    • Excellent location with easy access to Interstates 270, 70, and 71 (under 1.5 miles).
    • High visibility near Ohio Health and Norton Middle School.
    • Recent capital improvements include a new roof ($225,000, six years ago) and two newer 2.5‑ton heating systems.
    • Commercial zoning allows for flexible use and expansion.
    • Adjacent property on West Broad Street also available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1406507
    Latitude
    39.9509039

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    FAQs

    What type of property is this?
    Distribution property - Prime Commercial Warehouse, Ohio Health proximity.
    Where is this distribution property located?
    The property is located at 24 East St Columbus, OH.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: 1959-built, all-brick warehouse building in Columbus, OH, offering diverse use potential.; Excellent location with easy access to Interstates 270, 70, and 71 (under 1.5 miles).; High visibility near Ohio Health and Norton Middle School.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 East St Columbus, OH 43228
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