1550 5Th AveColumbus, OH 43212

Property Details for 1550 5Th Ave

Year built

1972

Lot size

0.68 AC

Property size (Sq ft)

10,450 SF

Property type

Office properties

Property subtype

Office buildings

APN

010-061641

APU

10061641

Description

This Columbus, Ohio office building, located at 1550 W 5th Ave, offers 10,100 square feet of versatile space in a two-story building. Currently, the entire 10,100 square feet is available for lease, divisible into units ranging from 4,100 to 5,000 contiguous square feet. The property is classified as Class C and was built in 1972, with renovations completed in 1990. The building features a 10-foot ceiling height and ample parking with 50 spaces available. Situated on 0.67 acres of land in the Grandview submarket, this property benefits from a prime location between two signalized intersections, offering excellent visibility and accessibility. The area boasts numerous nearby retailers, restaurants, and financial institutions. Less than three miles from SR 315 and under ten minutes from The Ohio State University, this location provides convenient access to major transportation routes and a large workforce pool. The property is zoned for commercial use and has a Franklin County APN of 010-061641-00. Building updates are planned for the near future. The property includes signage opportunities. This multi-tenant building offers Executive Office, Coworking, Medical Office, Creative Office, and Traditional Office space options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,005,860

  6.5%

  $1,851,563

  7%

  $1,719,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,493

  Geo Method

  $977,493

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,938

  Hospitality

  $2,103,067

  Educational

  $1,749,727

  Medical

  $1,809,903

  Retail

  $2,721,798

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9893

Longitude

-83.048

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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