2954 5Th AveColumbus, OH 43219

  • Specialty properties
  • 960 SF
For Sale
$225,000 View listing

Property Details for 2954 5Th Ave

Year built
1940
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
960 SF
Property type
Specialty properties
Property subtype
Other specialty properties
APN
010-066062
APU
10066062

Description

This exceptional 960-square-foot special purpose building, located at 2954 E 5th Avenue in Columbus, Ohio, presents a unique investment opportunity. Built in 1940 and situated on a generous 5,227.2-square-foot lot, this property boasts a rich history as a former social/fraternal hall or lodge. The asking price is $225,000, translating to a price per square foot of $234.38. The building has undergone significant renovations, including the installation of a new electrical system and fresh drywall, enhancing its functionality and appeal. The entire 960 square feet is net rentable, offering immediate potential for a variety of uses. Its convenient location in the 43219 zip code of Franklin County provides easy access to Columbus's vibrant amenities and infrastructure. This property is ideal for an investor seeking a versatile space with a proven track record and recent upgrades, ready for its next chapter. The substantial lot size also offers potential for future expansion or development, adding further value to this compelling investment. This is a rare opportunity to acquire a well-maintained, historically significant building in a desirable Columbus location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $219,577
    Hospitality
    $201,131
    Educational
    $167,339
    Medical
    $173,094
    Retail
    $260,305
2954 5Th Ave, Columbus, Ohio

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.985
Longitude
-82.9248
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,028
$5,460
$8,610
$14,070
-
$15,600
$24,600
$40,200

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