156 Ohio Ave Columbus, OH 43205
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.