85 Phillipi RdColumbus, OH 43228

Property Details for 85 Phillipi Rd

Year built

1983

Lot size

0.76 AC

Property size (Sq ft)

5,079 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

140-007375

APU

140007375

Description

This exceptional mixed-use property, located at 85 Phillipi Road in Columbus, Ohio, presents a compelling investment opportunity. The building boasts a substantial 5,079 square feet of space, offering significant potential for diverse uses. Situated on a generous 0.76-acre lot, the property provides ample room for expansion, redevelopment, or outdoor amenities. The asking price is $950,000, reflecting the property's strong potential for return on investment. The property's mixed-use zoning allows for a variety of commercial and potentially residential applications, making it an attractive option for both seasoned investors and those seeking to diversify their portfolio. Its Columbus location offers easy access to major transportation routes, ensuring high visibility and convenient access for customers and employees. The substantial square footage and ample land provide flexibility for a wide range of business ventures, from retail and office spaces to restaurants and other commercial uses. This property represents a rare chance to acquire a well-positioned mixed-use asset in a thriving Ohio market. Serious inquiries are encouraged to explore the full potential of this promising investment. Further details regarding zoning regulations and permitted uses are readily available upon request. Don't miss this chance to secure a valuable piece of Columbus real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $970,535

  6.5%

  $895,878

  7%

  $831,887

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,090

  Geo Method

  $475,090

• Alternative Use

  Use

  Valuation

  Residential

  $1,110,889

  Hospitality

  $1,017,569

  Educational

  $846,605

  Medical

  $875,721

  Retail

  $1,316,941

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9541

Longitude

-83.1109

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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