2144 Sullivant AveColumbus, OH 43223

Property Details for 2144 Sullivant Ave

Year built

1900

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

2,640 SF

Zone code

2142

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

010-057017

APU

10057017

Description

This exceptional Columbus, Ohio retail property at 2144 Sullivant Avenue presents a compelling investment opportunity. The 4,208 square foot building, constructed in 1900 and extensively renovated in 2021, boasts three units: one vacant commercial space and two leased residential units, each featuring three bedrooms. Currently generating $1,700 in monthly income from the residential units, this property offers significant potential for increased revenue. The all-brick building features new windows, paint, and flooring throughout the renovation. The commercial unit, adaptable for various uses including a church, store, restaurant, bar, daycare, office, carry-out, bank, or studio, also includes space for a rear patio. A large two-car garage and a spacious 0.15-acre lot complement the property. Additional features include a non-finished basement. Located minutes from downtown Columbus and major freeways, this property is ideally situated for convenient access and high visibility. The asking price is $285,000, translating to $67.73 per square foot. This property is perfect for investors seeking strong returns or owner-occupants looking to generate rental income. The Franklin County property (APN: 010-057017) is ready for immediate occupancy and offers a rare combination of commercial and residential income streams. Don't miss this chance to acquire a prime piece of Columbus real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $625,545

  6.5%

  $577,426

  7%

  $536,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $382,766

  Geo Method

  $382,766

• Alternative Use

  Use

  Valuation

  Residential

  $577,426

  Hospitality

  $528,919

  Educational

  $440,055

  Medical

  $455,189

  Retail

  $684,530

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.947

Longitude

-83.0563

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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