5053 Tuttle Crossing BlvdDublin, OH 43016
- Retail properties
- 149,310 SF
Property Details for 5053 Tuttle Crossing Blvd
- Year built
- 1996
- Lot size
- 9.22 AC
- Property size (Sq ft)
- 149,310 SF
- Property type
- Retail properties
- APN
- 010-233225
- APU
- 10233225
Description
This exceptional property, located at 5053 Tuttle Crossing Blvd in Dublin, Ohio, presents a unique investment opportunity. The former Sears building offers a substantial 149,310 square feet of vacant space, ideal for a variety of commercial or industrial uses. The flexible layout allows for customization to suit diverse business needs, whether retail, office, or a mixed-use development. The expansive 9.2-acre lot provides ample room for expansion, parking, or outdoor amenities. Situated in the thriving city of Dublin, Ohio, this property benefits from excellent visibility and accessibility, with convenient access to major transportation routes. The single-tenant occupancy provides a blank canvas for a new business to establish a significant presence. The property's size and location make it an attractive prospect for businesses seeking a large footprint in a desirable market. The building's existing infrastructure offers a solid foundation for redevelopment or repurposing. This is a rare chance to acquire a substantial property in a prime location with significant potential for growth and return on investment. The property is zoned for commercial, industrial, mixed-use, and multifamily uses, offering flexibility for a wide range of development options. The zip code is 43016. This property is available for lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $24,755,000
- 6.5%
- $22,850,800
- 7%
- $21,218,600
-
Comparable approach
- Method
- Valuation
- Relative Method
- $14,525,100
- Geo Method
- $14,525,100
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $45,779,400
- Mixed-Use / Specialty
- $22,277,100
- Hospitality / Lodging
- $15,703,200
- Office
- $21,632,100
- Institutional / Educational
- $22,983,300
- Residential Income
- $26,890,500
- Multifamily
- $34,979,800
- Automotive / Energy
- $19,700,000
- Parking / Income-Based Land
- $7,284,530
- Restaurant / Food Service
- $10,536,000
- Healthcare / Senior Housing
- $23,349,500
Location Insight
- City
- Dublin
- County
- Franklin
- State
- Ohio
- Latitude
- 40.0741
- Longitude
- -83.1289
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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