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513 E Rich St 13,795 SF 90% Leased Office Building Columbus, OH 43215 For Sale
EXECUTIVE SUMMARY
1. Strong Current Cash Flow
• $11,450/month in rental income (~$137,400/year).
• Ideal for investors seeking immediate income with minimal lease-up risk.
2. Value-Add Potential
• 30-35% BELOW market Rents. 7 Vacant suites.
• Optimize NOI and potentially increase property value.
• ROI path for both cash-flow and value-add investors.
3. Located in the Heart of Downtown Columbus
• Proximity to Capitol Square, German Village, Brewery District, and The Scioto Mile.
• Surrounded by restaurants, retail, entertainment, and public transit—very appealing to tenants.
4. Strong Local Market Fundamentals
• Columbus is one of the fastest-growing metros in the Midwest.
• Home to Fortune 500 companies, major hospitals, and The Ohio State University.
• Downtown revitalization and population growth support ongoing demand for office and mixed-use space.
• $11,450/month in rental income (~$137,400/year).
• Ideal for investors seeking immediate income with minimal lease-up risk.
2. Value-Add Potential
• 30-35% BELOW market Rents. 7 Vacant suites.
• Optimize NOI and potentially increase property value.
• ROI path for both cash-flow and value-add investors.
3. Located in the Heart of Downtown Columbus
• Proximity to Capitol Square, German Village, Brewery District, and The Scioto Mile.
• Surrounded by restaurants, retail, entertainment, and public transit—very appealing to tenants.
4. Strong Local Market Fundamentals
• Columbus is one of the fastest-growing metros in the Midwest.
• Home to Fortune 500 companies, major hospitals, and The Ohio State University.
• Downtown revitalization and population growth support ongoing demand for office and mixed-use space.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,795 SF
Building Class
C
Year Built/Renovated
1885/2011
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,598 SF
Building FAR
0.88
Lot Size
0.36 AC
Zoning
C - Commercial
Parking
28 Spaces (2.03 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
- Security System
- Signage
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 010-008169 | Improvements Assessment | $158,980 |
| Land Assessment | $117,990 | Total Assessment | $276,970 |
PROPERTY TAXES
Parcel Number
010-008169
Land Assessment
$117,990
Improvements Assessment
$158,980
Total Assessment
$276,970
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513 E Rich St
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