112 Jefferson Avenue, Columbus, OH 43215
$5,500,000
Property Type:
Office
Square Footage:
25,679
Lot Size (sq. ft.):
31,799
Status:
Closed
Current Price:
$5,500,000
List Date:
10/17/2023
Last Modified:
3/03/2025
Description
Discover a Prime Columbus Commercial Real Estate Gem: High-Yield Investment Opportunity across from Columbus State Community College in Downtown Columbus This high-performing asset offers immediate, secure cash flow through an existing NN lease agreement with the CSCC, 10 year w 5 year option. Unparalleled and ideal for a 1031 Tax Exchange, this fully-renovated 2023 all-brick, three-story commercial office building boasts 25,679 sq. ft. Conveniently located across from Columbus State Community College, along the COTA Bus line, with consistent cash flow through the NN lease agreement. With an attractive cap rate, this property is a top choice for savvy investors seeking a turn-key opportunity.This building is ADA Accessible and has large parking lot across the street.
Supplements: ********
More Information MLS# 223034128
Location & Property Info
List Price/SqFt: 319.33
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.1
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Previous Use: Medical Offices
Max Cont Sqft Avail: 25679
Minimum Sqft Avail: 25679
Total Available Sqft: 25679
# of Docks: 1
Building Sqft: 25679
# of Elevators: 1
Use Code: 442 - MEDICAL OFFICES
Basement: Yes
# of Floors Above Gr: 3
Year Built: 2005
Acreage: 0.73
Tax Info
Zoning: C-Commericial
Tax Abatement: No
Taxes (Yrly): 64241
Parcel #: 010-066986
Tax Year: 2022
Remarks & Misc
Property Description: Discover a Prime Columbus Commercial Real Estate Gem: High-Yield Investment Opportunity across from Columbus State Community College in Downtown Columbus This high-performing asset offers immediate, secure cash flow through an existing NN lease agreement with the CSCC, 10 year w 5 year option. Unparalleled and ideal for a 1031 Tax Exchange, this fully-renovated 2023 all-brick, three-story commercial office building boasts 25,679 sq. ft. Conveniently located across from Columbus State Community College, along the COTA Bus line, with consistent cash flow through the NN lease agreement. With an attractive cap rate, this property is a top choice for savvy investors seeking a turn-key opportunity.This building is ADA Accessible and has large parking lot across the street.
Status Change Info
Sold Price/SqFt: 214.18
Under Contract Date: 2024-02-06
Sold Date: 2024-02-23
Sold Price: $5,500,000
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Electric
3 Phase: 1
Miscellaneous
Air Condition: 1
Alternate Uses
Commercial: 1
Building Type
Single User: 1
Auction Info
Auction/Online BiddingY/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: Y
Concession Comments: Repairs
Location Property Info
Original List Price: 8200000
Sold Price: $5,500,000
Property Sub Type: Office
Street #: 112
Street Name: Jefferson
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: East Park Place
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-10-14
Property Features
Addl Acceptance Cond: None Known
Electric: 3 Phase
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Building Type: Single User
Miscellaneous: Air Condition
Alternate Uses: Commercial
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Douglas & Associates Realty
Listing Agent: Stephan Douglas
Last Updated: March - 03 - 2025
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