5470 Hamilton RdColumbus, OH 43230

Property Details for 5470 Hamilton Rd

Year built

1960

Lot size

1.83 AC

Property size (Sq ft)

1,899 SF

Property type

Office buildings

APN

220-000869

APU

220000869

Description

This exceptional 1.83-acre commercial property, located at 5470 N Hamilton Road in Columbus, Ohio, presents a unique investment opportunity. Situated in Plain Township, just south of the recently developed Hamilton Quarters, this property benefits from its prime location on a high-traffic thoroughfare within the vibrant New Albany/Gahanna retail corridor. The site offers multiple potential uses, making it ideal for a variety of commercial ventures. The property includes an existing 1,899 square foot building, providing immediate potential for occupancy or renovation. Its current zoning in Plain Township makes it ripe for annexation and redevelopment, allowing for significant flexibility in future development plans. The high visibility and accessibility of this location, combined with the substantial land area and existing building, create a compelling opportunity for investors seeking a strong return. Note that the property's cell tower lease is not included in the sale. The asking price for this exceptional property is $990,000. This is a rare chance to acquire a strategically located commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $357,678

  6.5%

  $330,164

  7%

  $306,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,632

  Geo Method

  $177,632

• Alternative Use

  Use

  Valuation

  Residential

  $409,404

  Hospitality

  $375,012

  Educational

  $312,005

  Medical

  $322,736

  Retail

  $485,341

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.068

Longitude

-82.8614

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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