8947 Antares AveColumbus, OH 43240

Property Details for 8947 Antares Ave

Year built

1996

Property size (Sq ft)

4,221 SF

Property type

Office properties

Property subtype

Office buildings

APN

318-344-01-001-500

APU

31834401001500

Description

This exceptional 9,056 square foot medical office condominium, located at 8947 Antares Avenue in Columbus, Ohio, presents a unique investment opportunity. Built in 1966 and extensively renovated in 2019, the property boasts a spacious layout ideal for a variety of medical practices. Situated on a substantial 88,426.8 square foot lot, the two-unit building offers ample parking in a private setting. The convenient Polaris area location provides easy access to I-71, ensuring excellent visibility and accessibility for patients and staff. The interior features abundant natural light from large windows throughout. The well-designed space includes several exam rooms equipped with sinks, large procedure rooms, a welcoming lobby and reception area, dedicated billing and lab spaces, two restrooms, and multiple private offices. The asking price is $895,000, translating to $212.04 per square foot. This property offers a blend of established infrastructure and modern updates, making it an attractive option for medical professionals seeking a well-maintained and strategically located facility in the thriving Columbus market. The property's zip code is 43240 and it is located in Delaware County.

• CAP approach

  CAP return

  Valuation

  6%

  $880,627

  6.5%

  $812,886

  7%

  $754,823

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,832

  Geo Method

  $394,832

• Alternative Use

  Use

  Valuation

  Residential

  $1,007,979

  Hospitality

  $923,303

  Educational

  $768,178

  Medical

  $794,596

  Retail

  $1,194,943

Location Insight

City

Columbus

County

Delaware

State

Ohio

Latitude

40.1454

Longitude

-82.996

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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