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Property profile & analytics
OFF-MARKET Estimated value $1,840,000
Hotels

55 Nationwide Blvd Columbus, OH 43215-2512

29,036 SF 0.2 ac lot Built 1910
Trust Owned 8-yr Hold Free & Clear
Property ID
US66-1699769
Property summary
AI-generated overview

This exceptional 8,534-square-foot retail space is ideally situated in Columbus's Central Business District (CBD) at 55 E Nationwide Blvd, zip code 43215. The property features a single-tenant occupancy, perfect for a restaurant concept. The building is two stories and offers ample parking with 2,000 spaces available. The vibrant CBD location benefits from a recent surge in investment and development, attracting numerous residents, businesses, and visitors. This area is home to several thriving districts, including the Short North Arts District, Arena District, Brewery District, and the up-and-coming Franklinton neighborhood. Columbus's CBD boasts a modern, diverse, service-oriented economy, supported by a highly educated workforce and a strong business-government partnership. Major corporations like Nationwide Insurance, Huntington Bank, and American Electric Power Company have a significant presence here, alongside a growing number of progressive companies. The influx of new development has significantly enhanced the area, adding first-class housing, retail options, hotels, and entertainment venues, creating a dynamic live-work-play environment. This property presents a unique opportunity to establish a thriving business within a rapidly growing and attractive urban core. The entire 8,534 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1910
Construction WOOD
Total area 29,036 SF
Lot 0.2 ac (8,799 SF)
APN 010-022764
UPID US66-1699769
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
Current use
Occupant on record · Public records
  • The Lofts Hotel at Crowne Plaza Columbus Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.29M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.84M
Owner & transaction history
Hpt Ihg-2 Properties Trust · 8 yrs held
Hpt Ihg-2 Properties Trust
since 2017
2 recorded transactions
2017
$49.0M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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