2500 Airport DrColumbus, OH 43219

Property Details for 2500 Airport Dr

Year built

1999

Construction

WOOD

Lot size

5.38 AC

Property size (Sq ft)

5,472 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

010-062833

APU

10062833

Description

This exceptional 5,472 square foot industrial property at 2500 Airport Drive, Columbus, OH 43219 presents a compelling redevelopment opportunity. The single-story, 1999-built building sits on approximately 5.73 acres of land (APN: 010-062833-00, 010-218054-00) and is zoned R-1, offering significant potential for multi-family or flex space development. Priced at $1,800,000 ($328.95/sq ft), this property boasts convenient access to I-670 and I-270, ensuring excellent transportation links. Its proximity to Ohio Dominican University and less than a 5-minute drive from John Glenn International Airport further enhances its appeal. Located approximately 5 miles from Downtown Columbus, this site offers a strategic location for a variety of development projects. The property's existing structure provides a solid foundation for redevelopment, while the expansive land area allows for significant expansion or new construction. This is an ideal investment for developers seeking a prime location with strong potential for future growth and high returns. The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,607,381

  6.5%

  $1,483,736

  7%

  $1,377,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,864

  Geo Method

  $1,289,864

• Alternative Use

  Use

  Valuation

  Residential

  $1,251,587

  Hospitality

  $1,146,447

  Educational

  $953,830

  Medical

  $986,634

  Retail

  $1,483,736

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9924

Longitude

-82.937

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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