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    156 Ohio Ave Columbus, OH 43205

    Sponsored
    For Sale
    $1,200,000

    5,624 SF Retail Space, Prime Location

    Property size:
    5,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,624-square-foot retail space, located at 156 S Ohio Ave in Columbus, Ohio's vibrant Olde Towne East neighborhood, presents a unique investment opportunity. The property, built in 1946 and situated on a 0.582-acre lot, is currently vacant and offers significant potential for a variety of uses. Its classification as a Class C building with a single unit and one story provides a blank canvas for customization. The property features 400 parking spaces in the adjacent area, ensuring ample convenience for customers. Ideal for a restaurant, grocery store, or other flexible retail concept, the space boasts high ceilings, 600 amps of power, 37.5 tons of HVAC, and a 2000-gallon grease trap, making it restaurant-ready. A trash enclosure is available. Zoned CPD, the building is in shell condition, allowing for a build-out tailored to specific business needs. Its prime corner location, connected to the new Gemma Apartment building and surrounded by new multi-family developments and the nearby Trolley Barn, guarantees high visibility and strong foot traffic. The asking price is $1,200,000, with a NNN lease type. Tenant improvement allowances are available, and the possibility of a master lease with two tenants exists. This property offers a compelling combination of location, size, and adaptability, making it an attractive investment in a rapidly growing area.

    Property Features for 156 Ohio Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,624 SF
    Class
    C
    Lot Size
    25,352 SF

    Building Details

    Year Built
    1946
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 5,624 SF retail space in Columbus, OH's Olde Towne East neighborhood.
    • Adjacent to the new Gemma Apartments.
    • 400 parking spaces nearby.
    • Vacant, shell condition; ready for build‑out.
    • Suitable for food, fitness, or grocery uses.
    • 600‑amp electrical service.
    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
    -82.9704813
    Latitude
    39.96224547

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    FAQs

    What type of property is this?
    Individual retail property - 5,624 SF Retail Space, Prime Location
    Where is this individual retail property located?
    The property is located at 156 Ohio Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 5,624 SF retail space in Columbus, OH's Olde Towne East neighborhood.; Adjacent to the new Gemma Apartments.; 400 parking spaces nearby.
    Request Owner's contact information
    156 Ohio Ave 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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