876 Cleveland AveColumbus, OH 43201

Property Details for 876 Cleveland Ave

Year built

1915

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

4,250 SF

Property type

Retail properties

Property subtype

Retail space

APN

010-008115

APU

10008115

Description

This exceptional 3,049.2 square foot lot, located at 876 Cleveland Avenue in Columbus, Ohio, presents a unique development opportunity. Currently vacant, this special purpose property offers 4,250 square feet of buildable space, priced at $76.47 per square foot. Built in 1900, the property is situated in a rapidly evolving neighborhood, north of downtown and east of Italian Village, experiencing significant eco-investment. Its proximity to amenities such as the newly constructed Rogue Fitness Headquarters and convenient bus access adds to its appeal. The property is slated for rezoning to Urban General 1 (see attached documents for details), positioning it for future growth and development. This location is poised for transformation, with projections of substantial renovation and increased commercial activity in the surrounding area. The seller may consider buyer concessions. Interested parties should conduct a site visit to assess the neighborhood and provide proof of funds or a lender letter prior to scheduling a showing. This is a rare chance to acquire a piece of Columbus's burgeoning future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,193,821

  6.5%

  $1,101,989

  7%

  $1,023,275

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,001,813

  Geo Method

  $1,001,813

• Alternative Use

  Use

  Valuation

  Residential

  $929,569

  Hospitality

  $851,480

  Educational

  $708,421

  Medical

  $732,785

  Retail

  $1,101,989

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9819

Longitude

-82.9892

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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