1495 Morse Rd Columbus, OH 43229

Property Details for 1495 Morse Rd

Year built

1964

Lot size

1.08 lot acres

Property size

26,182 SF

Property type

Office buildings

APN

010-125855

APU

10125855

Description

This four-story, 26,182-square-foot Class C office building, constructed in 1964 and renovated in 1987, presents a compelling investment opportunity in Columbus, Ohio. Located at 1495 Morse Rd, this multi-tenant property boasts a 93.6% occupancy rate across 34 individual suites, each designed as a small office layout. The building offers significant value to tenants, evidenced by its high occupancy. Recent upgrades include new LED lighting, carpeting, and paint in the hallways and lobby, with 60% of tenant suites also featuring upgraded LED lighting. The property enjoys a convenient location in a densely populated area of Northern Columbus, providing immediate access to I-71. Parking is available at a ratio of 3 spaces per 1,000 square feet. The asking price is $1,750,000, translating to $66.84 per square foot. This well-maintained property offers a strong return on investment with potential for future appreciation. The building's strong occupancy and recent renovations make it an attractive option for investors seeking a stable, income-generating asset in a desirable Columbus location. The property's multi-tenant structure provides diversification and resilience against tenant turnover. The strategic location near I-71 ensures excellent accessibility for tenants and visitors. This is a rare opportunity to acquire a well-positioned, high-occupancy office building in a thriving Columbus market.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-82.9789

Latitude

40.0602

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments