50 Old Village RdColumbus, OH 43228

Property Details for 50 Old Village Rd

Year built

1962

Construction

WOOD

Lot size

0.91 AC

Property size (Sq ft)

20,076 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

240-002305

APU

240002305

Description

This exceptional special purpose property, located at 50 Old Village Road in Columbus, Ohio, presents a unique investment opportunity. The building boasts a total of 20,076 square feet, situated on a lot with no specified size. The asking price is $1,780,000, translating to a price per square foot of $68.33. While the overall square footage is substantial, the net rentable area is 2,605 square feet. This discrepancy suggests the presence of non-rentable areas within the building, which could include storage, mechanical rooms, or common areas. The property's precise configuration and suitability for various uses will require further investigation. The property is located in Franklin County, Ohio, with the zip code 43228. Its specific geographic coordinates are latitude 39.953691 and longitude -83.1233606. Given its unique characteristics and substantial size, this property is well-suited for buyers seeking a special purpose building in a desirable Columbus location. Further due diligence is recommended to fully assess the property's potential and suitability for intended use. The property is currently listed at $1,780,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,029,008

  6.5%

  $3,719,085

  7%

  $3,453,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,877,909

  Geo Method

  $1,877,909

• Alternative Use

  Use

  Valuation

  Residential

  $4,611,665

  Hospitality

  $4,224,260

  Educational

  $3,514,535

  Medical

  $3,635,406

  Retail

  $5,467,054

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9538

Longitude

-83.1234

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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