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Property profile & analytics
OFF-MARKET
Retail residential properties

156 Ohio Ave Columbus, OH 43205

5,592 SF 0.09 ac lot Built 1945
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-1812087
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1945
Construction WOOD
Total area 5,592 SF
Lot 0.09 ac (3,790 SF)
APN 010-007855
UPID US66-1812087
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Oak Grocery III LLC · 3 yrs held
Oak Grocery III LLC
since 2023
Last sale
$81,900
7 recorded transactions
2023
Price N/A
2019
Price N/A
2018
Price N/A
2018
$81,900
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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