156 Ohio Ave Columbus, OH 43205
- Retail residential properties
- 5,592 SF
- 0.09 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 156 Ohio Ave
- Year built
- 1945
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 5,592 SF
- Property type
- Retail residential properties
- APN
- 010-007855
- APU
- 10007855
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $80,000
- 6.5%
- $95,000
- 7%
- $95,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $95,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $95,000
- Mixed-Use
- $90,000
- Hospitality
- $100,000
- Educational
- $100,000
- Residential Income
- $80,000
- Energy
- $95,000
- Income-Based Land
- $90,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9702
- Latitude
- 39.9623
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA