4337 Cleveland AveColumbus, OH 43224

Property Details for 4337 Cleveland Ave

Year built

1970

Lot size

1.19 AC

Property size (Sq ft)

8,199 SF

Property type

Medical offices

Property subtype

Medical centers

APN

010-103744

APU

10103744

Description

This exceptional 8,199 square foot special purpose building presents a unique investment opportunity in Columbus, Ohio. Situated at 4337 Cleveland Avenue, near Morse Road, this single-tenant property boasts significant potential. Currently occupied by a dental office and an after-school program, the building also includes over 4,000 square feet of readily rentable space, previously used as a WIC center and currently listed for lease at $18 per square foot. The property sits on a 1.08-acre lot (1.08 sq ft) with substantial road frontage of 159 feet on Cleveland Avenue. A large 22,000 square foot parking lot is located at the rear of the building, providing ample parking for tenants and visitors. The current tenants are responsible for all utilities, minimizing operational expenses for the owner. Detailed floor plans for sections B, C, and D will be available soon. This property offers a compelling blend of existing income and significant upside potential for future lease income. The property's location along the busy Morse Road corridor provides excellent visibility and accessibility. The APN is 010-103744. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Columbus neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,638,386

  6.5%

  $1,512,356

  7%

  $1,404,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $766,934

  Geo Method

  $766,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,875,322

  Hospitality

  $1,717,785

  Educational

  $1,429,177

  Medical

  $1,478,328

  Retail

  $2,223,164

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0575

Longitude

-82.9539

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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