855 Grandview AveColumbus, OH 43215

Property Details for 855 Grandview Ave

Year built

1947

Lot size

2.36 AC

Property size (Sq ft)

103,692 SF

Property type

Showrooms

APN

030-002570

APU

30002570

Description

This exceptional office property, located at 855 Grandview Avenue in Columbus, Ohio, presents two available suites ideal for businesses seeking a prime location. Each suite offers generous space, ranging from 1,410 to 1,418 square feet, perfect for a variety of office configurations. The building is a traditional office style, situated in the desirable Grandview Heights neighborhood, known for its blend of urban amenities and suburban tranquility. This vibrant area boasts a diverse mix of commercial enterprises, restaurants, retail shops, and hospitality options, catering to a wide range of needs. Grandview Heights is also recognized for its excellent school district, making it an attractive location for employees and businesses alike. The property's strategic location provides unparalleled access to major transportation arteries, including State Route 33 and Interstate 670, ensuring convenient commutes for employees and clients. Furthermore, its proximity to Downtown Columbus, the Arena District, Short North Arts District, Brewery District, German Village, and The Ohio State University offers unparalleled connectivity to the city's cultural, entertainment, and educational hubs. This is a rare opportunity to secure high-quality office space in a thriving and highly sought-after Columbus neighborhood. The multiple tenancy structure allows for flexibility and potential for growth. The property is located in Franklin County, Ohio, with a zip code of 43215.

• CAP approach

  CAP return

  Valuation

  6%

  $22,350,900

  6.5%

  $20,631,600

  7%

  $19,157,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,087,300

  Geo Method

  $10,087,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $39,877,700

  Mixed-Use / Specialty

  $20,701,900

  Hospitality / Lodging

  $15,375,600

  Office

  $20,728,800

  Institutional / Educational

  $21,573,100

  Residential Income

  $25,240,500

  Multifamily

  $29,474,600

  Automotive / Energy

  $18,491,200

  Parking / Income-Based Land

  $6,238,960

  Restaurant / Food Service

  $11,074,300

  Healthcare / Senior Housing

  $21,081,900

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.975

Longitude

-83.0464

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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