519 Otterbein AveWesterville, OH 43081

Property Details for 519 Otterbein Ave

Year built

1972

Construction

WOOD

Lot size

0.56 AC

Property size (Sq ft)

7,040 SF

Property type

Office buildings

APN

080-003398

APU

80003398

Description

This exceptional executive office suite, located at 519 S Otterbein Ave in Westerville, Ohio, presents a fantastic opportunity for businesses seeking a prestigious address. The property, situated in the desirable Westerville submarket of Franklin County, offers a total of 5,783 square feet across two stories. Currently, there is 1,251 square feet of vacant space available, perfect for a single tenant or small business requiring approximately 851 square feet. The building is conveniently located near the intersection of Otterbein Avenue and Schrock Road. While the building does not feature elevators, its two-story design ensures easy accessibility. The property is classified as a multi-tenant building, providing a collaborative and professional environment. The address, 519 S Otterbein Ave, Westerville, OH 43081, places your business in a thriving and well-established commercial area. This is an ideal location for businesses seeking high visibility and easy access to major transportation routes. The available space is ready for immediate occupancy and offers a chance to establish a strong presence in a sought-after Westerville neighborhood. The property's location and features make it an attractive option for businesses of various sizes and industries. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,325,989

  6.5%

  $1,223,990

  7%

  $1,136,562

• Comparable approach

  Method

  Valuation

  Relative Method

  $658,522

  Geo Method

  $658,522

• Alternative Use

  Use

  Valuation

  Residential

  $1,517,747

  Hospitality

  $1,390,248

  Educational

  $1,156,670

  Medical

  $1,196,450

  Retail

  $1,799,264

Location Insight

City

Westerville

County

Franklin

State

Ohio

Latitude

40.112

Longitude

-82.9224

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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