For Sale
$7,500,000

6191 Quarter Horse Dr Columbus, OH 43229

Columbus, OH: 96-unit apartment conversion

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional redevelopment opportunity presents a 96-unit extended-stay hotel in Columbus, Ohio, ideally suited for conversion into apartments. The property, located at 6191 Quarter Horse Dr, Columbus, OH 43229, encompasses 2.98 acres and features a 28,366 square foot building with 25,556 square feet of net rentable space. Currently configured as an all-suites hotel with 72 studio units (540 sq ft each) and 24 two-room units (650 sq ft each), all units include full kitchens equipped with full-size refrigerators, cooking ranges, dishwashers, and microwaves. The property boasts 100 parking spaces and is conveniently situated on a bus line. Built in 1984, the property consists of thirteen two-story buildings, and is zoned for commercial use. The asking price is $7,500,000, translating to $264.40 per square foot and $78,125 per unit. Given the high concentration of apartments in the surrounding neighborhood, this property offers significant potential for a lucrative apartment conversion project. The property's existing condition allows for immediate leasing as apartments, minimizing vacancy periods and maximizing return on investment. The Franklin County location and convenient amenities make this a compelling investment prospect. The property's Parcel Number (APN) is 010-196701-00.

Highlights

  • 96-unit extended-stay hotel redevelopment opportunity in Columbus, OH.
  • $7,500,000 asking price, $264.40 PSF, $78,125 per unit.
  • 28,366 SF building on 2.98 acres with 25,556 SF of net rentable space.
  • Units ready for immediate lease as apartments, minimizing vacancy.

Property Details for 6191 Quarter Horse Dr

Property type
Commercial real estate
Square Feet
28,366 SF
Year Built
1984
Buildings
13
Stories
2
Lot Size (sq. ft)
129,809 SF
Units
96

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0924618
Longitude
-82.9884374

FAQs

What type of property is this?
Commercial real estate - Columbus, OH: 96-unit apartment conversion
Where is the commercial real estate located?
The property is located at 6191 Quarter Horse Dr Columbus, OH.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 96-unit extended-stay hotel redevelopment opportunity in Columbus, OH.; $7,500,000 asking price, $264.40 PSF, $78,125 per unit.; 28,366 SF building on 2.98 acres with 25,556 SF of net rentable space.
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6191 Quarter Horse Dr
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