32 Olentangy StPowell, OH 43065

Property Details for 32 Olentangy St

Year built

1930

Lot size

0.20 AC

Property size (Sq ft)

1,230 SF

Property type

Retail properties

Property subtype

Retail space

APN

319-425-13-057-000

APU

31942513057000

Description

This exceptional 1,230-square-foot traditional office space in Powell, Ohio, presents a unique opportunity. Located at 32 E Olentangy Street, near N. Liberty Street, this single-tenant building boasts a prime location within the Downtown Business District (Zoning: Downtown Business District, APN: 319-425-13-057-000). Built in 1930 and extensively renovated in 2021, the property offers a blend of historic charm and modern functionality. Currently, approximately 500 square feet is available for lease, ideal for a 1-2 year term. The available space includes two rooms measuring 14' x 28' and 14' x 8.5'. Shared amenities include a rear lobby and lavatory (shared with the building owner), and all utilities are included in the lease. On-site parking accommodates 4-5 vehicles, with additional public parking nearby. The property sits on a 0.2-acre lot and comprises one building with a total of one suite. This is an excellent opportunity for a business seeking a well-maintained, conveniently located office space in the heart of Powell.

• CAP approach

  CAP return

  Valuation

  6%

  $349,884

  6.5%

  $322,970

  7%

  $299,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,937

  Geo Method

  $289,937

• Alternative Use

  Use

  Valuation

  Residential

  $272,437

  Hospitality

  $249,551

  Educational

  $207,623

  Medical

  $214,764

  Retail

  $322,970

Location Insight

City

Powell

County

Delaware

State

Ohio

Latitude

40.1583

Longitude

-83.0743

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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