152 Columbus AveSandusky, OH 44870

Property Details for 152 Columbus Ave

Year built

2020

Lot size

0.16 AC

Property size (Sq ft)

26,644 SF

Property type

Retail properties

Property subtype

Retail space

APN

56-00527-000

APU

5600527000

Description

The Hogrefe Building, a stunning 2022-built, three-story structure, offers exceptional commercial space in the heart of downtown. Boasting 7,090 total square feet, this multi-purpose property is currently divided into four separate units, each with prime Columbus Avenue frontage. Units range from a minimum of 1,027 square feet to a maximum contiguous space of 3,243 square feet, with a substantial 6,220 square feet currently vacant and available. The flexible layout allows for customization to suit a variety of needs, making it ideal for executive offices, medical offices, creative office spaces, retail establishments, or entertainment venues. The building's versatile design allows for the combination of multiple units to create larger spaces, catering to businesses requiring more extensive footprints. Public parking is conveniently located in a garage across Market Street. This exceptional location on Columbus Avenue provides unparalleled visibility and accessibility, representing a rare opportunity to secure a highly desirable commercial space in a thriving downtown area. The building's modern design and prime location make it an attractive option for businesses seeking a prestigious address and a functional, adaptable workspace. This is a unique chance to establish a presence in one of the most sought-after commercial corridors in the city.

• CAP approach

  CAP return

  Valuation

  6%

  $7,046,082

  6.5%

  $6,504,076

  7%

  $6,039,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,280,545

  Geo Method

  $6,280,545

• Alternative Use

  Use

  Valuation

  Residential

  $5,486,432

  Hospitality

  $5,025,542

  Educational

  $4,181,192

  Medical

  $4,324,990

  Retail

  $6,504,076

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4566

Longitude

-82.7116

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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