620 Oak St Columbus, OH 43215-3918

Property Details for 620 Oak St

Year built

1905

Construction

WOOD

Lot size

0.34 lot acres

Property size

13,320 SF

Property type

Auto shops

APN

010-027472

APU

10027472

Description

This exceptional Columbus, Ohio mixed-use property at 620 Oak St., offers a unique investment opportunity. The 28,080 square foot, two-story brick building is currently zoned as a commercial warehouse but presents significant potential for redevelopment. The main level is occupied by an established luxury automobile mechanics business, complete with drive-in doors, lifts, and office spaces. This existing business, along with another on-site business, are included in the sale and their employees are open to remaining. The second floor provides a vast, open space ready for creative transformation. Access to the second floor is available via an auto ramp or stairs. This adaptable space allows for a variety of uses, including residential conversion or expansion of the existing retail space. The property's size and location in Franklin County, Ohio, zip code 43215, make it an attractive prospect. Depending on the chosen development plan, this property may qualify for Opportunity Zone funds, offering additional investment incentives. The asking price is $2,000,000, translating to $71.23 per square foot. This presents a compelling opportunity to acquire a substantial property with existing income streams and significant upside potential in a thriving urban area. The property's versatility and existing infrastructure make it an ideal canvas for a visionary developer.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-82.9839

Latitude

39.9631

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments