5725 Cleveland Ave Columbus, OH 43231
This exceptional commercial property, located at 5725 Cleveland Avenue in Columbus, Ohio, presents a unique investment opportunity. The 1,040 square foot building, constructed in 1900 and renovated in 2000, sits on a sizable 1-acre lot (46,609.2 sq ft) and is currently vacant. The property is zoned LC-4, offering significant potential for various commercial uses. The asking price is $400,000, translating to $384.62 per square foot. The high-traffic location boasts over 25,000 vehicles passing daily, and is surrounded by established businesses including a Chase bank branch, Speedway, and Tim Hortons, ensuring high visibility and accessibility. The existing single-family home on the lot could easily be adapted into a small office space, ideal for a burgeoning business. The seller is open to considering buyer concessions, making this an attractive proposition for savvy investors. This property offers a blend of established infrastructure and significant development potential in a thriving commercial area of Columbus. The property's location in Franklin County, Ohio, zip code 43231, provides easy access to major transportation routes and amenities. This is a rare opportunity to acquire a well-situated commercial property in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.