For Sale
$1,395,000

2999 Dublin Granville Rd Columbus, OH 43231

High-yield office building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional three-story office building, situated at 2999 E Dublin Granville Rd, Columbus, OH 43231, presents a compelling investment opportunity. Boasting 24,012 square feet of leasable space, this Class B property offers a strong 9.14% capitalization rate and a healthy 93.6% occupancy rate, generating a net operating income (NOI) of $102,238. Built in 1974 and renovated in 1988, the building features 22 tenant suites, each designed as a small office layout, providing value to tenants. The property sits on a 1.084-acre lot and includes ample parking with a ratio of 85 spaces for approximately 4 per 1000 square feet. Its strategic location on SR-161 provides immediate access to I-270, ensuring excellent visibility and convenient access for tenants and visitors. The building benefits from a recently replaced roof (2023) and short-term lease structures, offering flexibility for the new owner. The asking price is $1,395,000, translating to $58.10 per square foot. This property is an ideal investment for those seeking a strong return in a thriving Columbus market.

Highlights

  • Class B, three-story office building totaling 24,012 square feet.
  • 9.14% capitalization rate and 93.6% occupancy, generating $102,238 NOI.
  • 22 small office suites on a 1.08-acre lot with 85 parking spaces (approx. 4/1000 sq ft).
  • Excellent location on SR-161 with easy I-270 access.
  • Recently replaced roof (2023), short-term leases, and asking price of $1,395,000 ($58.10/sq ft).

Property Details for 2999 Dublin Granville Rd

Property type
Office properties
Square Feet
24,012 SF
Class
B
Year Built/Renovated
1974/1988
Stories
3
Lot Size (sq. ft)
47,219 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0812304
Longitude
-82.9370081

FAQs

What type of property is this?
Office property - High-yield office building, prime location.
Where is the office property located?
The property is located at 2999 Dublin Granville Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Class B, three-story office building totaling 24,012 square feet.; 9.14% capitalization rate and 93.6% occupancy, generating $102,238 NOI.; 22 small office suites on a 1.08-acre lot with 85 parking spaces (approx. 4/1000 sq ft).
How can I contact the broker?
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2999 Dublin Granville Rd
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