421 State StColumbus, OH 43215

  • Office properties
  • 50,609 SF
For Sale
$8,900,000 View listing

Property Details for 421 State St

Year built
1923
Lot size
1.64 AC
Property size (Sq ft)
50,609 SF
Property type
Office properties
Property subtype
Other office properties

Description

This exceptional Columbus, Ohio, property presents a unique investment opportunity for owner-users or developers. Located in the rapidly growing Franklinton submarket, adjacent to the $250 million Gravity Project, this creative office complex comprises two buildings totaling 50,609 square feet on a 1.64-acre lot. The property features a versatile layout with high ceilings, a modern open floor plan, and a mezzanine level plus basement. Currently 100% occupied by two tenants under a NNN lease, the property offers immediate income potential. Built in 1923 and renovated in 2016, the Class B buildings boast a unique design, ideal for creative office uses. The sale includes the "MANIFEST" building and a 0.51-acre lot at the corner of State and McDowell Streets. The property's prime location offers easy access to public transportation, downtown Columbus, the Scioto Peninsula, and ample public parking (2,000 spaces within easy reach). Conceptual drawings highlight the potential for rooftop activation, further enhancing the property's value and versatility. The property is zoned for the Arts Innovation District and East Franklinton District, reflecting its location in a thriving and dynamic area. The asking price is $8,900,000, translating to $175.86 per square foot. This represents a compelling investment in a high-growth area with significant upside potential.

421 State St, Columbus, Ohio

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9585
Longitude
-83.0119

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