1275 Olentangy River RdColumbus, OH 43212

Property Details for 1275 Olentangy River Rd

Year built

1955

Lot size

1.12 AC

Property size (Sq ft)

27,902 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

010-027788

APU

10027788

Description

Grace's Bend II, located at 1275 Olentangy River Rd in Columbus, Ohio (zip code 43212), presents a prime retail and office opportunity within the Grandview submarket of Franklin County. This multi-tenant building offers a total of 25,000 square feet, with five suites available. Currently, 12,280 square feet are vacant, offering flexible lease options ranging from a minimum of 2,276 square feet to a maximum contiguous space of 7,278 square feet. The property boasts a highly visible location on Olentangy River Road, experiencing over 24,000 vehicles per day. Its strategic placement ensures excellent exposure, situated adjacent to popular establishments such as Cane's, Starbucks, and Chipotle, further enhancing its appeal and foot traffic. The urban core submarket location benefits from extremely high multi-family density, providing a substantial and readily accessible customer base. This property is ideal for businesses seeking high visibility and convenient access within a thriving commercial area. The property is classified as both retail and office space, suitable for a variety of uses including medical offices.

• CAP approach

  CAP return

  Valuation

  6%

  $5,355,742

  6.5%

  $4,943,762

  7%

  $4,590,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,609,953

  Geo Method

  $2,609,953

• Alternative Use

  Use

  Valuation

  Residential

  $6,130,266

  Hospitality

  $5,615,290

  Educational

  $4,671,856

  Medical

  $4,832,528

  Retail

  $7,267,330

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.986

Longitude

-83.0247

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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