Property Details for 6191 Quarter Horse Dr

Year built

1984

Lot size

2.98 lot acres

Property size

28,366 SF

Property type

Commercial real estate

Description

This exceptional redevelopment opportunity presents a 96-unit extended-stay hotel in Columbus, Ohio, ideally suited for conversion into apartments. The property, located at 6191 Quarter Horse Dr, Columbus, OH 43229, encompasses 2.98 acres and features a 28,366 square foot building with 25,556 square feet of net rentable space. Currently configured as an all-suites hotel with 72 studio units (540 sq ft each) and 24 two-room units (650 sq ft each), all units include full kitchens equipped with full-size refrigerators, cooking ranges, dishwashers, and microwaves. The property boasts 100 parking spaces and is conveniently situated on a bus line. Built in 1984, the property consists of thirteen two-story buildings, and is zoned for commercial use. The asking price is $7,500,000, translating to $264.40 per square foot and $78,125 per unit. Given the high concentration of apartments in the surrounding neighborhood, this property offers significant potential for a lucrative apartment conversion project. The property's existing condition allows for immediate leasing as apartments, minimizing vacancy periods and maximizing return on investment. The Franklin County location and convenient amenities make this a compelling investment prospect. The property's Parcel Number (APN) is 010-196701-00.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-82.9884

Latitude

40.0925