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127 Central Ave Columbus, OH 43222-1009

OFF-MARKET Retail space Google Maps
3,590 SF 0.1 ac lot Built 1950
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$180k
Range $162k – $198k (±10%)
Property ID US66-2014607

Property summary

AI-generated overview

This 3,590 square foot freestanding commercial building in Columbus, Ohio's vibrant Franklinton neighborhood offers a unique leasing opportunity. Situated at 127 N Central Ave, this two-story building features a full basement and ample parking (20+ spaces) with a newly repaved lot and freshly painted exterior. The property is undergoing renovations, including a complete overhaul of the three half-bathrooms. Landlord is open to negotiating tenant improvements to customize the space to your needs. Enjoy convenient access to major roadways, including I-70 (approximately 3 minutes) and I-670 (approximately 4 minutes), placing your business within easy reach of Downtown Columbus and other key areas. The location benefits from proximity to the Columbus Metro Library, Short North Arts District, COSI, Gravity, and numerous new developments. Furthermore, the property is only three blocks from W Broad St, a bustling retail corridor with a mix of local and national businesses, including Tim Horton's, McDonald's, Taco Bell, Arby's, Subway, and Popeye's. This prime location offers excellent visibility and accessibility for a variety of retail businesses. The single-tenant occupancy ensures a focused and efficient business environment.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction WOOD
Total area 3,590 SF
Lot 0.1 ac (4,269 SF)
APN 010-011828
UPID US66-2014607

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2022
Last sale
$199,900
2 recorded transactions
2022
$199,900
2019
$175,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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