3100 Cleveland Ave

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3100 Cleveland Ave

Columbus, OH 43224
Asking Price
$3.06M
Asset Type
Retail
Class
Class B

What's Special

3100 Cleveland Avenue is situated in the North Linden neighborhood of Columbus, Ohio. This location borders a mix of established residential pockets and active commercial corridors. The property is positioned directly on a primary north-south thoroughfare, providing proximity to local amenities such as the Northern Lights Shopping Center and several public parks. It is well-served by public transportation, with multiple COTA bus stops located within walking distance, and offers straightforward access to Interstate 71 and the greater Columbus highway system. The property is suited for a variety of retail use cases, including neighborhood convenience stores, independent specialty shops, or service-oriented businesses. Its placement amidst a high-density residential area makes it an ideal location for tenants requiring consistent local foot traffic and visibility. Typical occupants for this asset type often include discount retailers, laundromats, or small-scale dining establishments looking to serve the immediate community.

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NOI
$80,000
Cap Rate
2.61%
DSCR
0.44
Underwater
Cash-on-Cash
-11.08%
Monthly Payment
$15,150.768
Annual Cash Flow
$-101,809.212

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