786 Twin Rivers DrColumbus, OH 43215

Property Details for 786 Twin Rivers Dr

Lot size

3.70 AC

Property type

Office properties

Property subtype

Other data centers and call centers

APN

010-129516

APU

10129516

Description

This exceptional 3.688-acre parcel presents a rare opportunity for commercial or residential development in Columbus, Ohio. Located at 786 Twin Rivers Dr, 43215, this property boasts a highly desirable location, offering excellent visibility along SR-315 and convenient access to Grandview Heights, Downtown Columbus, The Ohio State University, and the Arena District. Major freeways, including I-670, SR-315, and SR 33, provide easy connectivity. The site is currently zoned M-Manufacturing (APN: 010-129516-00) and benefits from its proximity to a thriving retail corridor with numerous restaurants, bars, grocery stores, shopping centers, and fitness facilities. The strong demographics and population density within a 1, 3, and 5-mile radius ensure access to a robust labor pool. Further enhancing its appeal is the property's proximity to the new Innovation District on Ohio State's West Campus. Future improvements planned for the Olentangy River Road corridor will further improve north-south connectivity. Utilities are conveniently located at the roadside, and the site has been elevated to be outside the floodplain. The asking price is $4,070,000, translating to $1,100,000 per acre. This presents a unique investment opportunity in a market with limited available land.

• CAP approach

  CAP return

  Valuation

  6%

  $30,831,256

  6.5%

  $28,459,620

  7%

  $26,426,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,092,305

  Geo Method

  $15,092,305

• Alternative Use

  Use

  Valuation

  Residential

  $35,289,928

  Hospitality

  $32,325,386

  Educational

  $26,894,342

  Medical

  $27,819,278

  Retail

  $41,835,640

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9694

Longitude

-83.0243

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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