118 Main StColumbus, OH 43215

For Lease
$18.85/SF/YR View listing
  • Office buildings
  • 9,300 SF

Property Details for 118 Main St

Year built
1910
Lot size
0.07 AC
Property size (Sq ft)
9,300 SF
Property type
Office buildings
APN
010-070454
APU
10070454

Description

This magnificent 3,100 square foot office suite is ideally situated in the heart of Downtown Columbus' Main Street submarket, offering unparalleled convenience and accessibility. Located on the second floor of a three-story, 9,300 square foot building at 118 E Main St (cross street: 3rd St), this single-tenant space boasts a blend of modern functionality and historic charm. The updated pre-war building features polished hardwood floors and exposed brick, creating a unique and inviting atmosphere. The suite itself includes a spacious common area, an executive suite, nine individual offices, and a large central conference room, providing ample space for a variety of organizational needs. Elevator access is available via a single Dover elevator, ensuring convenient access for all. The layout is ADA compliant, featuring an elevator and ramps, along with two ADA-compliant restrooms within the suite. The property's central location offers easy access to numerous amenities, including nearby coffee shops and restaurants. This exceptional space is available for occupancy beginning October 1st, 2024. The building is a single building with one elevator. This listing is for a creative office space, also suitable for traditional office, coworking, executive office, or medical office uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,777,117
    6.5%
    $1,640,416
    7%
    $1,523,243
  • Comparable approach

    Method
    Valuation
    Relative Method
    $869,922
    Geo Method
    $869,922
  • Alternative Use

    Use
    Valuation
    Residential
    $2,034,115
    Hospitality
    $1,863,238
    Educational
    $1,550,193
    Medical
    $1,603,506
    Retail
    $2,411,411
118 Main St, Columbus, Ohio
Leaflet | © OpenStreetMap contributors

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9567
Longitude
-82.9963
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,101
$43,760
$173,220
$216,980
-
$125,000
$494,900
$619,900

FAQs

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