5100 Cleveland Ave Columbus, OH 43231-4780
This unique 1,999 square foot property at 5100 Cleveland Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1962, this special purpose building sits on a 9,583.2 square foot lot and is offered at $349,900 ($175.04 per square foot). The property features a dual-use configuration, currently operating as a blend of residential and commercial space. The upper level is residential, while the lower level has served as a beauty salon since at least 1999. This versatile layout offers significant potential for various uses, catering to both residential and commercial tenants. The property's location on a high-profile street in the 43231 zip code ensures excellent visibility and accessibility. Note that utilities are not currently separated between the upper and lower levels. This presents an opportunity for a savvy investor to capitalize on the existing setup or to renovate and reconfigure the space to maximize its potential. The property's size and location make it an ideal investment for those seeking a unique and adaptable asset in a thriving Columbus neighborhood. Serious inquiries are encouraged.
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.