6500 Busch BlvdColumbus, OH 43229

Property Details for 6500 Busch Blvd

Year built

1979

Lot size

2.64 AC

Property size (Sq ft)

40,734 SF

Property type

Office properties

Property subtype

Office buildings

APN

610-262370

APU

610262370

Description

This exceptional 40,734 square foot office building, situated at 6500 Busch Boulevard in Columbus, Ohio, presents a compelling investment opportunity. Built in 1979 and boasting a desirable location within the Busch Corporate Center, the property currently enjoys a 92% occupancy rate with 18 tenants. A readily available 2,900 square foot space offers immediate potential for increased revenue. The asking price is $4,999,999, translating to a price per square foot of $124.14. The building sits on a substantial 114,998.4 square foot lot, providing ample space and potential for future expansion or development. This well-maintained property offers a strong cash flow with a diverse tenant base, making it an attractive asset for discerning investors seeking a stable and profitable investment in the Columbus commercial real estate market. The property's prime location within the Busch Corporate Center ensures easy access to major transportation routes and a wealth of amenities. This is a rare opportunity to acquire a high-quality, well-occupied office building in a thriving Ohio market. The property's strong occupancy and established tenant base provide immediate returns, while the available space offers significant upside potential for future growth. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $7,672,276

  6.5%

  $7,082,100

  7%

  $6,576,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,810,258

  Geo Method

  $3,810,258

• Alternative Use

  Use

  Valuation

  Residential

  $8,781,804

  Hospitality

  $8,044,086

  Educational

  $6,692,585

  Medical

  $6,922,753

  Retail

  $10,410,688

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0987

Longitude

-82.9924

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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