560 Cleveland AveWesterville, OH 43082

Property Details for 560 Cleveland Ave

Year built

2007

Lot size

0.25 AC

Property size (Sq ft)

19,840 SF

Property type

Office buildings

APN

317-333-01-006-002

APU

31733301006002

Description

This exceptional 19,840 square foot medical office building, constructed in 2007, is situated at 560 N Cleveland Ave in Westerville, Ohio, 43082. The property boasts a convenient location just south of Polaris Parkway in the Westar/Medical Mile area, benefiting from high visibility and proximity to a significant concentration of medical professionals. Currently, there is 19,015 square feet of vacant space available, offering flexible options for tenants. Divisible spaces range from a minimum of 2,011 square feet to a maximum contiguous space of 9,938 square feet. The building features two stories, with 9,938 square feet available on the first floor and 9,077 square feet on the second floor. The building offers excellent parking with 80 spaces available for tenants and visitors. The property is ideal for medical practices seeking high-quality space in a thriving medical corridor. Building signage opportunities are available on Cleveland Avenue, providing excellent visibility for your business. The location benefits from the presence of 50 referring primary care physicians in the immediate vicinity, creating a strong referral network for potential tenants. This is a rare opportunity to secure prime medical office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,736,877

  6.5%

  $3,449,425

  7%

  $3,203,037

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,855,834

  Geo Method

  $1,855,834

• Alternative Use

  Use

  Valuation

  Residential

  $4,277,287

  Hospitality

  $3,917,972

  Educational

  $3,259,706

  Medical

  $3,371,813

  Retail

  $5,070,654

Location Insight

City

Westerville

County

Delaware

State

Ohio

Latitude

40.1407

Longitude

-82.9462

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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