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    1550 5Th Ave Columbus, OH 43212

    Sponsored
    For Sale
    $2,500,000

    Prime Grandview location, 10,450 sq ft office.

    Property size:
    10,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,450-square-foot office building, located at 1550 W 5th Ave in Columbus, Ohio, presents a unique investment opportunity. The property, built in 1972 and extensively renovated in 2023, is currently vacant and ready for immediate occupancy. The building boasts a Class C designation and comprises two stories within a single structure situated on a 0.675-acre lot (APN: 010-061641-00). The asking price is $2,500,000, translating to $239.23 per square foot. The property is zoned COM and offers ample parking for approximately 50 vehicles, providing convenient access for employees and clients. Its strategic location in Grandview offers exceptional visibility on W 5th Ave, a high-traffic corridor with an estimated 12,000-15,000 vehicles passing daily. The building benefits from its proximity to major retailers, restaurants, and financial institutions, including Dunkin', Dairy Queen, and Huntington National Bank. Public transportation is also readily available along W 5th Ave. This property is ideal for a variety of office uses, including executive, medical, and traditional office spaces. The property's high visibility and convenient location make it an attractive investment opportunity in a thriving commercial area.

    Property Features for 1550 5Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    10,450 SF
    Class
    C
    Lot Size
    29,403 SF

    Building Details

    Year Built/Renovated
    1972/2023
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Excellent Grandview location, near Dunkin' and Dairy Queen.
    • High visibility on West 5th Avenue, with 12,000‑15,000 vehicles passing daily.
    • Strong retail, restaurant, and financial institutional co‑tenancy.
    • Convenient access to public transportation on West 5th Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gregory P. Avellana, ... Nutritionist Fox Ronald Ltd ... Counselor Dr. Charles B. ... Family Practice Physician Stein Joseph R Physician Assistant Altic Stephen DO Family Practice Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.048023084023
    Latitude
    39.988937387367

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    FAQs

    What type of property is this?
    Medical office - Prime Grandview location, 10,450 sq ft office.
    Where is this medical office located?
    The property is located at 1550 5Th Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Excellent Grandview location, near Dunkin' and Dairy Queen.; High visibility on West 5th Avenue, with 12,000-15,000 vehicles passing daily.; Strong retail, restaurant, and financial institutional co-tenancy.
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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
    1550 5Th Ave Columbus, OH 43212
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