345 E 5th Avenue, Columbus, OH 43201

$9,500,000
Property Type: Office Square Footage: 70,455 Lot Size (sq. ft.): 120,661 Status: Closed
Current Price: $9,500,000 List Date: 7/25/2023 Last Modified: 3/02/2025

Description

REDEVELOPMENT OPPORTUNITY- ITALIAN VILLAGE DISTRICT Sale includes the Largest C-447 Office Building Available in area. COMMERCIAL BUILDING # 1 65,172 SF AND BUILDING #2 5,283 + SF WAREHOUSE /STORAGE on 2.77 ACRE SITE. This a great opportunity for Redevelopment in one the fastest growing areas in the City of Columbus. Located in Italian Village District as part of the Short North area surrounded by major construction of apartments building on each side. This area has the highest home value appreciation in Columbus. With neighbors Downtown District and Central Business District which provides access to major employers, culture and learning institutions and entertainment venues. Within 1.5 miles from The Ohio State University and Approx. 8 miles from John Glenn Airport.

Supplements: ********

More Information MLS# 223023488

Location & Property Info

List Price/SqFt: 139.1 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: Yes For Lease: No Lease Rate $/Sq Ft: 0

General Property Info

Max Cont Sqft Avail: 70455 Minimum Sqft Avail: 70455 Total Available Sqft: 70455 Total Parking: 200 # of Docks: 2 Building Sqft: 70455 # of Elevators: 1 Use Code: 447 - OFFICE BLDG 1 AND 2 STORY Basement: No # of Floors Above Gr: 2 Year Built: 1963 Acreage: 2.77

Tax Info

Zoning: C-447 Office Tax Abatement: No Taxes (Yrly): 94229 Parcel #: 010-112355 Tax Year: 2022

Remarks & Misc

Property Description: REDEVELOPMENT OPPORTUNITY- ITALIAN VILLAGE DISTRICT Sale includes the Largest C-447 Office Building Available in area. COMMERCIAL BUILDING # 1 65,172 SF AND BUILDING #2 5,283 + SF WAREHOUSE /STORAGE on 2.77 ACRE SITE. This a great opportunity for Redevelopment in one the fastest growing areas in the City of Columbus. Located in Italian Village District as part of the Short North area surrounded by major construction of apartments building on each side. This area has the highest home value appreciation in Columbus. With neighbors Downtown District and Central Business District which provides access to major employers, culture and learning institutions and entertainment venues. Within 1.5 miles from The Ohio State University and Approx. 8 miles from John Glenn Airport.

Status Change Info

Sold Price/SqFt: 134.84 Under Contract Date: 2024-08-30 Sold Date: 2024-09-30 Sold Price: $9,500,000

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

Auction Info

Auction/Online BiddingY/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: N

Location Property Info

Original List Price: 9800000 Sold Price: $9,500,000 Property Sub Type: Office Street #: 345 Street PreDirection: E Street Name: 5th Street Suffix: Avenue County: Franklin State: OH Zip Code: 43201 Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2023-07-25

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: Douglas & Associates Realty
Listing Agent: Stephan Douglas
Last Updated: March - 02 - 2025
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