36 Garfield Ave Columbus, OH 43205-1039
This unique 16,739 square foot property located at 36 S Garfield Avenue in Columbus, Ohio, presents a fantastic redevelopment opportunity. Originally constructed in 1926, this special purpose building previously served as a church and event space. The asking price is $875,000, translating to $32.36 per square foot. While the building requires substantial renovation, its considerable size and prime location offer significant upside potential for the right buyer. The property sits on a 12,632.4 square foot lot, providing ample space for future development or expansion. The net rentable square footage is 27,043 square feet, suggesting potential for multiple uses. This presents a rare chance to acquire a large, historic building in a desirable Columbus neighborhood (zip code 43205) with the potential for a high return on investment after necessary improvements. The property's history and unique architectural features offer a compelling foundation for a variety of creative repurposing projects. Serious inquiries only. Buyers should be prepared for significant renovation costs.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.