4605 5Th AveColumbus, OH 43219

Property Details for 4605 5Th Ave

Year built

1969

Construction

WOOD

Lot size

0.67 AC

Property size (Sq ft)

2,592 SF

Property type

Office properties

Property subtype

Office buildings

APN

010-016703

APU

10016703

Description

This exceptional special-purpose property at 4605 E 5th Avenue, Columbus, OH 43219, presents a rare investment opportunity. Situated on a substantial 29,620.8 square foot lot, this 1969-built property boasts a highly desirable location directly across from Port Columbus International Airport. Previously utilized as a call center and a builder's showcase home, the property offers versatile space adaptable to a variety of uses. The main building is complemented by a secondary structure currently used for storage, along with two additional well-maintained storage sheds. Ample parking is available, with a graveled area accommodating 6-8 vehicles, and significant potential for expansion. The lot tapers towards Hamilton Road, offering further development possibilities. The asking price is $359,895. This property's prime location and adaptable space make it an ideal investment for entrepreneurs seeking a unique opportunity in a high-traffic area. The property's history as both a call center and a model home speaks to its inherent flexibility and potential for diverse applications. The extensive lot size provides ample room for expansion or additional development, further enhancing its investment appeal. Don't miss this chance to acquire a truly unique property in a highly sought-after Columbus location.

• CAP approach

  CAP return

  Valuation

  6%

  $517,953

  6.5%

  $478,110

  7%

  $443,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,456

  Geo Method

  $242,456

• Alternative Use

  Use

  Valuation

  Residential

  $592,857

  Hospitality

  $543,054

  Educational

  $451,814

  Medical

  $467,353

  Retail

  $702,822

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9864

Longitude

-82.8709

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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