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1580 King Ave
Columbus, OH 43212
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Highly visible corner of King Ave and North Star Rd
- Net operating income of $15,155/yr with a vacancy rate of 55%
- 33 surface parking spaces
- Split-level layout allows for multi-tenant or single-user occupancy
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
7,744 SF
Building Class
C
Year Built
1954
Price
$1,200,000
Price Per SF
$154.96
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,872 SF
Building FAR
0.40
Lot Size
0.44 AC
Zoning
Mixed Use
Parking
33 Spaces (4.26 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 010-087164 | Improvements Assessment | $141,650 |
| Land Assessment | $120,960 | Total Assessment | $262,610 |
PROPERTY TAXES
Parcel Number
010-087164
Land Assessment
$120,960
Improvements Assessment
$141,650
Total Assessment
$262,610
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