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
Overview
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.
Listing Details MLS# 223034128
Location Property Info
- Original List Price
- 8200000
- 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
- MLS Entry Date
- 2023-10-14
General Property Info
- Previous Use
- Medical Offices
- Total Available Sqft
- 25679
- Building Sqft
- 25679
- Max Cont Sqft Avail
- 25679
- Minimum Sqft Avail
- 25679
- # of Floors Above Gr
- 3
- # of Elevators
- Yes
- # of Docks
- Yes
- Use Code
- 442 - MEDICAL OFFICES
- Year Built
- 2005
- Basement
- Yes
- Acreage
- 0.73
Tax Info
- Parcel #
- 010-066986
- Zoning
- C-Commericial
- Tax Year
- 2022
- Tax Abatement
- No
- Taxes (Yrly)
- 64241
Status Change Info
- Under Contract Date
- 2024-02-06
- Sold Date
- 2024-02-23
- Sold Price/SqFt
- 214.18
Auction Info
- Auction/Online BiddingY/N
- No
More Information
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- Y
- Concession Comments
- Repairs
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
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.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Electric
- 3 Phase
- Yes
Miscellaneous
- Air Condition
- Yes
Alternate Uses
- Commercial
- Yes
Building Type
- Single User
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 R Douglas
Last Updated: March - 03 - 2025
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