513 Rich St Columbus, OH 43215-5376
- Office buildings
- 14,405 SF
- 0.34 lot acres
Current Use by Public Records
- Jones Law Group, LLC / Personal Injury Attorney / Social Security Attorney
- Leist Warner LLC / Law Firm / Personal Injury Attorney
- Calig Law Firm / Bankruptcy Attorney / Insurance Attorney
- Stop 26 Communications / Radio Broadcaster
- Spadafore Law / Law Firm
Property Details for 513 Rich St
- Year built
- 1856
- Construction
- WOOD
- Lot size
- 0.34 lot acres
- Property size
- 14,405 SF
- Property type
- Office buildings
- APN
- 010-008169
- APU
- 10008169
Description
This three-story, 13,795 square foot Class C office building at 513 E. Rich Street in Columbus, Ohio, presents a compelling investment or owner-user opportunity. Built in 1856 and renovated in 2011, the property features a brick and stone exterior, a finished lower level, and one passenger elevator. Currently 70% occupied with five tenants under a gross lease, the building boasts 24 on-site parking spaces and prominent pylon signage. The entire third floor (2,973 SF) is available for immediate owner-occupancy. Situated on a 0.344-acre lot (APN 010-008169) in the DD, Downtown District zoning, this property enjoys exceptional proximity to major highways, Nationwide Children's Hospital, OhioHealth Grant Medical Center, Franklin University, Columbus Metropolitan Library, the Topiary Park, and the heart of downtown Columbus. The asking price is $1,200,000, with full occupancy anticipated by September 30, 2024. This is a rare opportunity to acquire a well-located, established office building in a thriving urban core.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $446,000
Market price range: $325k - $1.46M
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9858
- Latitude
- 39.9588
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA