112 Jefferson Avenue, Columbus, OH 43215 (MLS# 223034128)

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

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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