580 S High St - Office FOR SALE


Columbus, OH 43215- Brewery District
$5,900,000 USD
614-419-4286
580 S High St, Columbus, OH for Sale
$5,900,000 USD
Office - FOR SALE
1/60
null | Request Cap Rate

580 S High St
Columbus, OH 43215
Brewery District


HIGHLIGHTS

  • 3 stories of office space (~60,000 RSF total) - Iconic location with skyline views
  • 1 level: parking garage with 43 covered spaces and 27 surface visitor spaces
  • 1 below-grade gated parking garage with 97 covered spaces
  • The property features incredibly durable precast construction (flexicore)
  • Prime walkable location near Downtown, the Statehouse, courthouses, and top dining destinations

OVERVIEW

Incredibly solid commercial office building with two levels of underbuilding parking located in the heart of the German Village/Brewery District. Within walking distance to the Franklin County Courthouses, the Statehouse, Downtown, as well as many of the City’s best restaurants and bars, Schiller Park, Scioto Audubon Park and much more. The building offers views of the downtown skyline and the charming German Village area. Built in 1979, 580 South High Street was constructed using extremely durable precast concrete columns and beams, with precast flexicore planks (aka, hollowcore) spanning the floors, ceilings and roof. With a lifecycle of over 100 years, the precast structure is incredibly strong and stable with a height of twelve feet between each floor. This building has the potential to be gutted and newly repurposed for residential or mixed uses at a fraction of the cost of new construction. Interested investors and developers should be aware of this building’s unique construction, since nearly every appraisal/assessment of the building, has incorrectly stated that the floors are made of concrete poured over a metal deck. Flexicore is superior for soundproofing, inherent fire resistance and lends itself to high-end finishing since the smooth ceilings can be left exposed for an industrial-modern look.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pear Tree Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

179

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

UCR

APN/PARCEL ID

010-057433

ASK ABOUT THIS PROPERTY

Skip WeilerThe Robert Weiler CompanyMore Info
614-419-4286

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Skip WeilerThe Robert Weiler CompanyMore Info
614-419-4286

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