50 5th Ave Columbus, OH 43201-3219
This exceptional 15,971 square foot commercial office building, located at 50 West 5th Avenue in Columbus, Ohio, presents a unique investment opportunity. Built in 1901 and renovated in 2009, this two-story Class C building sits on a 0.27-acre lot and boasts a prime location in the Short North submarket, close to Victorian Village, Italian Village, and the Ohio State University campus. The property features two vacant, 700 square foot suites on the ground floor, each including a reception area, meeting room, one to two private offices, and a restroom. Shared amenities include a large kitchen, conference room, and a visitor's restroom. The building is situated on West Fifth Avenue, near North High Street, offering excellent visibility and accessibility. The property is zoned C4, ORIG, Commercial, and its APN is 010-066962-00. This is an ideal opportunity for businesses seeking a well-maintained, historically significant building in a vibrant and desirable location. The building's multiple tenancy allows for flexibility and potential for future expansion. The property's proximity to major attractions and the university makes it an attractive location for a variety of businesses. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Columbus neighborhood.
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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.