10179 Johnstown Rd New Albany, OH 43054
This exceptional 2,019-square-foot Class A creative office space, located at 10179 Johnstown Road, New Albany, OH 43054, presents a unique investment opportunity. Priced at $749,900 ($371.42/sq ft), this vacant single-unit property sits on a generous 1.78-acre lot (APN 220-000963). Built in 1964, the two-story building is currently zoned for Commercial-Multiple Use, offering immense flexibility. Its current configuration is a well-maintained four-level split, easily adaptable for various office uses, including but not limited to legal, insurance, or medical practices, retail spaces, or other professional services. The property's strategic location within Franklin County places it in the path of significant development, near the burgeoning "Silicon Heartland" and the new Intel complex, providing exceptional growth potential. Proximity to downtown New Albany, hotels, dining, shopping, and major freeways further enhances its appeal. This owner-user investment presents a rare chance to acquire a versatile property in a high-growth area, ideal for immediate occupancy or future development. The property is served by New Albany Schools.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.