201 Outerbelt StColumbus, OH 43213

Property Details for 201 Outerbelt St

Year built

1989

Lot size

3.00 AC

Property size (Sq ft)

12,594 SF

Property type

Office properties

Property subtype

Office buildings

APN

520-132715

APU

520132715

Description

This exceptional 12,452 square foot, single-story creative office building is located at 201 Outerbelt Street in Columbus, Ohio, zip code 43213. Built in 1989 and recently renovated with a contemporary design, this Class C property sits on a 3-acre lot (APN 520-132715) and is currently 100% occupied. The building features ample parking and excellent signage opportunities, ideal for establishing a strong brand presence. Its strategic location provides easy access to major highways including I-270, I-71, and I-670, ensuring convenient commutes for employees and clients. The property is zoned M2 and offers a variety of potential uses, including the possibility of converting existing space into a drive-thru facility. The asking price is $1,900,000, translating to $152.59 per square foot. This freestanding building presents a compelling investment opportunity in the thriving Columbus market. The property includes an outside sitting area and was formerly used as a credit union, offering a blend of retail and office functionality. This is a rare opportunity to acquire a well-maintained, renovated property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,192,228

  6.5%

  $2,023,596

  7%

  $1,879,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,178,043

  Geo Method

  $1,178,043

• Alternative Use

  Use

  Valuation

  Residential

  $2,509,258

  Hospitality

  $2,298,467

  Educational

  $1,912,298

  Medical

  $1,978,065

  Retail

  $2,974,686

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9851

Longitude

-82.8314

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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