1580 King Ave - Office FOR SALE


Columbus, OH 43212- Grandview Heights
$1,200,000 USD
614-582-5521
1580 King Ave, Columbus, OH for Sale
$1,200,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

1580 King Ave
Columbus, OH 43212
Grandview Heights


HIGHLIGHTS

  • Highly visible corner of King Ave and North Star Rd
  • 33 surface parking spaces
  • Net operating income of $15,155/yr with a vacancy rate of 55%
  • Split-level layout allows for multi-tenant or single-user occupancy

OVERVIEW

Located at the highly visible corner of King Ave and North Star Rd, this 7,744 SF, two-story office building (3,872 SF per floor) presents an excellent opportunity for an owner-user. The property sits on 0.44 acres and includes 33 parking spaces. Its strategic location offers easy access to Grandview, Upper Arlington, SR-33, and SR-315, ensuring seamless connectivity to major business hubs, retail centers, and residential neighborhoods. The high-traffic exposure and accessibility make it ideal for professional offices, medical practices, or creative workspaces. The split-level design allows for either multi-tenant occupancy or a single-user layout. Currently, the building has five tenants on short-term leases, occupying approximately 3,300 SF. These tenants generate $47,950/year in gross rent. Operating expenses for 2024 were $32,795, resulting in a net operating income of $15,155 with 55% vacancy. A rent roll and financials are available upon request with a signed NDA.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

Mixed Use

APN/PARCEL ID

010-087164

ASK ABOUT THIS PROPERTY

Andrew Mills, SIOR, CCIMElford Realty, LLCMore Info
614-582-5521

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Andrew Mills, SIOR, CCIMElford Realty, LLCMore Info
614-582-5521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.