74 4Th StColumbus, OH 43215

Property Details for 74 4Th St

Year built

1900

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

7,708 SF

Property type

Office buildings

APN

010-028185

APU

10028185

Description

The Norwich Office Complex, located at 74 S 4th St in Columbus, Ohio (zip code 43215), presents a unique opportunity for businesses seeking office space in the Central Business District (CBD). This Class B building, constructed in 1900 and renovated in 1981, offers a total of 8,000 square feet across two stories. The entire 8,000 square feet is currently vacant and available for lease. The property is easily divisible, with a minimum leasable space of 4,000 square feet and a maximum contiguous space of 8,000 square feet, providing flexibility for various business needs. The property's address is within Franklin County, Ohio, and its APN is 010-028185. This single-building complex provides a substantial opportunity for a single tenant to occupy the entire space or for multiple tenants to occupy portions of the building. The location in the heart of Columbus's CBD offers excellent access to amenities, transportation, and a vibrant business community. This is an exceptional opportunity to secure a well-located, sizable office space in a thriving urban environment. The property's size and layout offer significant potential for customization to meet specific business requirements. Interested parties should inquire promptly to secure this desirable space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,669,290

  6.5%

  $1,540,890

  7%

  $1,430,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $721,006

  Geo Method

  $721,006

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,964,330

  Retail / Commercial

  $1,533,660

  Mixed-Use / Specialty

  $1,538,890

  Hospitality / Lodging

  $1,142,960

  Institutional / Educational

  $1,603,650

  Residential Income

  $1,876,270

  Multifamily

  $2,191,010

  Automotive / Energy

  $1,374,550

  Parking / Income-Based Land

  $463,777

  Restaurant / Food Service

  $823,211

  Healthcare / Senior Housing

  $1,567,140

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9611

Longitude

-82.9956

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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