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    156 Ohio Ave Columbus, OH 43205

    Sponsored
    For Lease
    $16 SF/Yr ($7,733 /Mo)

    5,624 SF Retail/Industrial Opportunity

    Lot size:
    5,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,624-square-foot flex space at 156 S Ohio Ave in Columbus, Ohio, presents a unique investment opportunity. Located in the vibrant Old Town East neighborhood, this single-tenant property boasts a prime corner location, offering unparalleled visibility and accessibility. Built in 1946 and situated on a 0.582-acre lot, the building features high ceilings and ample space, ideal for a variety of uses. The property's zoning (CPD) allows for diverse business ventures, including restaurants, grocery stores, or other mercantile establishments. Its connection to the new Gemma Apartment building ensures a built-in customer base. The property includes 400 parking spaces, providing convenient access for customers and employees. With 600 amps of power, the space is well-equipped to handle the demands of a modern business. Currently vacant, this property offers a blank canvas for a customized build-out, perfectly suited to meet the specific needs of a discerning tenant. The surrounding area is experiencing significant growth, with new multi-family developments and the nearby Trolley Barn contributing to a thriving and dynamic neighborhood. This location ensures a strong long-term retail position within a rapidly developing area of Columbus. Franklin County location and 43205 zip code.

    Property Features for 156 Ohio Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,624 SF
    Total Rate
    7733

    Building Details

    Year Built
    1946

    Unit(s) available at that property

    Space
    Suite 156
    Size
    5,624 SF
    Rate per SF
    $16

    HighLights

    • 5,624 SF space in Old Town East.
    • Adjacent to the new Gemma Apartments.
    • Suitable for food, fitness, or grocery uses.
    • 400 parking spaces nearby.
    • 600‑amp electrical service.
    • 37.5‑ton HVAC system, restaurant‑ready.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    -82.9702829
    Latitude
    39.9623419

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    FAQs

    What type of property is this?
    Restaurant - 5,624 SF Retail/Industrial Opportunity
    Where is this restaurant located?
    The property is located at 156 Ohio Ave Columbus, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 5,624 SF space in Old Town East.; Adjacent to the new Gemma Apartments.; Suitable for food, fitness, or grocery uses.
    Request Owner's contact information
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    Columbus, OH 43205
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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
    156 Ohio Ave Columbus, OH 43205
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