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    1550 Cleveland Ave Columbus, OH 43211

    For Sale
    $593,600

    Prime Columbus location, 4,724 SF, high potential.

    Property size:
    4,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,724-square-foot special purpose property, situated at 1550 Cleveland Avenue in Columbus, Ohio, presents a unique investment opportunity. Built in 1946, the building currently functions as a commercial automotive garage and offers significant potential for repurposing given its prime location and size. The property boasts a generous 20,037.6-square-foot lot, providing ample space for expansion or additional development. The asking price is $593,600, translating to a price per square foot of $151.54. The net rentable area is 3,917 square feet. Its convenient location offers easy access to public transportation via the bus line and is just minutes from Downtown Columbus, ensuring high visibility and accessibility. This property's central location and substantial size make it an attractive option for a variety of commercial uses, offering a compelling investment prospect for discerning buyers seeking a versatile space with redevelopment potential in a thriving urban area. The property is located in Franklin County, Ohio, with a zip code of 43211.

    Property Features for 1550 Cleveland Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    4,724 SF

    Building Details

    Year Built
    1946

    HighLights

    • Exceptional 4,724 SF special‑purpose property in Columbus, OH.
    • Currently operating as a commercial automotive garage, offering redevelopment potential.
    • Situated on a large 20,037.6 SF lot, allowing for expansion.
    • Listed at $593,600 ($151.54/SF).
    • Net rentable area is 3,917 SF.
    • Prime location near Downtown Columbus with easy bus access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kankan Auto & Body ... Auto Body Shop Hartoberes Home Insurance ... Home Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9778166
    Latitude
    39.9970023

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    FAQs

    What type of property is this?
    Specialty property - Prime Columbus location, 4,724 SF, high potential.
    Where is this specialty property located?
    The property is located at 1550 Cleveland Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $593,600.
    What are key features of this property?
    This property features: Exceptional 4,724 SF special-purpose property in Columbus, OH.; Currently operating as a commercial automotive garage, offering redevelopment potential.; Situated on a large 20,037.6 SF lot, allowing for expansion.
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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 Cleveland Ave Columbus, OH 43211
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