Updated Commercial Property, Body
For Sale
Contact for pricing
1664 E Hudson Street, Columbus, OH 43211
Spacious, updated commercial property with parking and security fence.
Property Size4,245 SF
Price / SF$150.77
Days on Market733
Property Features for 1664 E Hudson Street
General Information
Standard status
Active
Size
4,245 SF
Property subtype
Retail
Site & Location
Neighborhood
South Linden
Building Details
Year Built
1945
Year Renovated
2024
Listing Agency:
Key Realty
Listed By:
Julie Frase · License #2021006892
Source:
Crexi
Added: Oct 28, 2024
Changed: Oct 26
Last Checked: Oct 28 at 6:51AM
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 Key Realty
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Investment Insights
Based on property information with market context.
This is a spacious, updated commercial property currently used as a body shop. The property features upgraded facilities including two offices, two restrooms, and a paint room equipped with a fan system. There are four garage doors facilitating easy entrance and exit. A large parking lot is available, secured by a security fence. The property is serviced by ADT security. A clean Phase 1 Environmental site assessment was completed in July 2023. The property size is 4,245 square feet.
Key Highlights
- Large parking lot with security fence
- Four garage doors for easy entrance and exit
- Upgraded with two offices, two restrooms, and paint room with fan system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,941
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,820
$978.8K
Cap Rate 7%
$699,157
$699.2K
Cap Rate 9%
$543,789
$543.8K
Market Conditions
NOI Build-Up for 4,245 SF
Gross rent
$76.4K $18.00/SF
− Vacancy
−$6.5K −$1.53/SF
EGI
$69.9K $16.47/SF
− OpEx
−$21.0K −$4.94/SF
NOI
$48.9K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,820
Cap Rate 7%
$699,157
Cap Rate 9%
$543,789
Alternative Uses
Best Use
Retail
$699.2K
$611.8K – $815.7K
NOI $48,941 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$239.8K
$209.8K – $279.8K
NOI $16,785 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,928 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
Median Home Value
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Market
Vacancy Rate% for Retail in Columbus, OH
Similar Off Market Nearby
- Brother's Auto Repair — 1891 Cleveland Ave, Columbus, OH 43211
- General Auto Service & Repair — 1945 Cleveland Ave, Columbus, OH 43211
- Sammy's Auto Repair & Tires — 1945 Cleveland Ave, Columbus, OH 43211
- Mad Scientist Custom Cycle LLC — 1945 Cleveland Ave, Columbus, OH 43211
- Taz Used & New Tires — 1902 cleveland ave, columbus, oh 43211
Frequently Asked Questions
What type of property is this?
Auto shop - Spacious, updated commercial property with parking and security fence.
Where is this auto shop located?
The property is located at 1664 E Hudson Street Columbus, OH.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Large parking lot with security fence; Four garage doors for easy entrance and exit; Upgraded with two offices, two restrooms, and paint room with fan system
