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3093 Cleveland Ave
Columbus, OH 43224
Walgreens - Columbus, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Hard corner location on Cleveland and Oakland Park Avenues, limited vacancy in this submarket.
- With 0% occupancy, this property offers a complete blank canvas for an investor to implement a new vision
- Ideal for subdivision, adaptive reuse, or redevelopment. Explore opportunities for medical, fitness, or multi-tenant retail conversion.
- Located just 3 miles from the Ohio State University and within dense housing (±154,024 households)
- A user looking for immediate redevelopment could negotiate a discounted lease termination with Walgreens to get control of the building sooner
EXECUTIVE SUMMARY
NAI Farbman is pleased to offer a premier value-add retail investment opportunity—the vacant, former Walgreens located at 3093 Cleveland Avenue, Columbus, OH. This property presents a unique, clean slate for investors, as it is 0% occupied, allowing for a complete and immediate repositioning strategy. The 14,490 square foot building is strategically located in a high-traffic retail corridor, making it an excellent candidate for adaptive reuse, subdivision, or full redevelopment. This offering is ideal for an investor ready to implement a robust leasing plan and capitalize on significant future upside potential.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.99 AC
Zoning
UGN-1 - Urban General 1
Parking
41 Spaces (2.83 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $611,520 | |
| Land Assessment | $113,370 | Total Assessment | $724,890 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$113,370
Improvements Assessment
$611,520
Total Assessment
$724,890
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