1033-45 & 1055 W 3rd Ave

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1033-45 & 1055 W 3rd Ave

Columbus, OH 43212
Asking Price
$3.20M
Asset Type
Retail
Class
Class B

What's Special

Located at 1033-45 and 1055 W 3rd Ave in Columbus, Ohio, this retail opportunity is positioned in the Grandview Heights area. The neighborhood is characterized by a mix of residential housing and light industrial conversions, creating a high-density urban environment. The property offers proximity to the Olentangy Freeway (SR-315) and is situated near major local employment hubs, including the Ohio State University and the Lennox Town Center. Pedestrian access is supported by established sidewalks, and several COTA bus stops are located within walking distance, providing connectivity to the broader metropolitan area. The site is suited for retail operators seeking visibility in a high-traffic regional corridor. Potential use cases include specialty boutiques, fitness studios, or food and beverage establishments requiring storefront exposure. The typical tenant profile includes service-oriented businesses or neighborhood retailers aiming to capture the local demographic of young professionals and families residing in Grandview and nearby Victorian Village. The building’s configuration supports flexible layouts for businesses that benefit from both local foot traffic and commuter accessibility.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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