264 S 3rd Street, Columbus, OH 43215 (MLS# 223037824)

264 S 3rd Street, Columbus, OH 43215

$1,800,000

262-266 S. Third Street Existing Conditi

Property Type: Office Square Footage: 8,494 Lot Size (sq. ft.): 11,761 Status: Closed

Current Price: $1,800,000 List Date: 11/16/2023 Last Modified: 3/03/2025

Overview

Description

262-266 South Third Street is a freestanding Retail/Office building in the middle of Downtown Columbus. It is a fully occupied three unit, income-producing asset. This 8,494 SF building has been fully transformed by Roger Krajnak Architects and offers convenient on-site parking for employees and visitors. The renovated spaces have open-concept layouts with multiple conference rooms and flexibility for future uses. North facing Bay windows create potential. The fully sprinklered basement is prepped for occupancy allowing versatile utilization and additional tenancy. The rear, one-story portion of the roof is structurally ready for a roof terrace or a second-floor addition.

Listing Details MLS# 223037824

Location Property Info

Original List Price: 1799000
Property Sub Type: Office
Street #: 264
Street PreDirection: S
Street Name: 3rd
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: Downtown Columbus
Township: None

OfficeContract Info

MLS Entry Date: 2023-11-16

General Property Info

Total Available Sqft: 8494
Building Sqft: 8494
Max Cont Sqft Avail: 3752
# of Floors Above Gr: 2
Total Parking: 10
Use Code: 447 - OFFICE BLDG 1 AND 2 STORY
Year Built: 1920
Basement: Yes
Lot Size (Side): 187.5
Acreage: 0.27
Minimum Sqft Avail: 0
# of Docks: 0
# of Elevators: 0

Tax Info

Parcel #: 010-040486
Tax Year: 2022
Tax Abatement: No
Taxes (Yrly): 20678

Status Change Info

Under Contract Date: 2024-02-17
Sold Date: 2024-07-17
Sold Price/SqFt: 211.91

Suite Info 1

Suite #: 266
SQ FT: 2942

More Information

Suite Info 2

Suite #: 264
SQ FT: 3752

Suite Info 3

Suite #: 262
SQ FT: 1800

Suite Info 4

Suite #: Lower Level
SQ FT: 5552
Date Available: 2023-12-07

Financials

Gross Rental Income: 159340
Effective Income: 134375.1

Expenses

R.E. Taxes: 19489
Property Insurance: 3000

Auction Info

Auction/Online BiddingY/N: No

Location & Property Info

List Price/SqFt: 211.8
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 20

Remarks & Misc

Property Description: 262-266 South Third Street is a freestanding Retail/Office building in the middle of Downtown Columbus. It is a fully occupied three unit, income-producing asset. This 8,494 SF building has been fully transformed by Roger Krajnak Architects and offers convenient on-site parking for employees and visitors. The renovated spaces have open-concept layouts with multiple conference rooms and flexibility for future uses. North facing Bay windows create potential. The fully sprinklered basement is prepped for occupancy allowing versatile utilization and additional tenancy. The rear, one-story portion of the roof is structurally ready for a roof terrace or a second-floor addition.

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

T Reimburses L

Curr Yr Est $/SF TRL: 0

Construction

Block: Yes
Metal: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes

Heat Type

Forced Air: Yes
Hot Water: Yes

Miscellaneous

Air Condition: Yes
Building Plans: Yes

Alternate Uses

Commercial: Yes

Building Type

Multi Tenant: Yes

Sprinkler

Wet: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Heat Type: Forced Air; Hot Water Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer Building Type: Multi Tenant Construction: Block; Metal Sprinkler: Wet Miscellaneous: Air Condition; Building Plans Alternate Uses: Commercial MLS Primary PhotoSrc: Realtor Provided

Listing Office: NAI Ohio Equities, Realtors

Listing Agent: John W Mally

Last Updated: March - 03 - 2025

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