421-435 W. State Street

421-435 W. State Street Columbus, OH 43215

421-435 W. State Street, Columbus, OH, 43215
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FOR SALE
Property Type:
Other Office
Amount:
$8,900,000
Last Verified:
May 24, 2024

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Highlights

  • Adjacent to the Multi-Phase $250M Gravity Project that includes 230,000 SF of Office, 114,000 SF of Retail, and 929 Residential Units
  • Close Proximity to 2,000 Public Parking Spaces in Multiple Garages
  • Expansive Creative Space Spanning over 50,000 SF plus a Mezzanine Level and Basement
  • Versatile and Unique Layout
  • Move-In Ready with Unlimited Possibilities
  • Potential to Activate the Rooftop (See Conceptual Drawings)
  • High Ceilings and Modern, Open Floor Plan
  • Proximity to Public Transportation
  • Conveniently Located Close to Downtown and Scioto Peninsula
  • Rapidly Growing Franklinton Submarket
  • Includes “MANIFEST” Building and 0.51 Acre Lot on Corner of State Street and McDowell Street

Description

Offering a rare opportunity for investors / developers or owner users in rapidly growing Franklinton submarket. Adjacent to the Multi-Phase $250M Gravity Project, 421-435 W. State Street is a 50,609 SF creative, mixed use building available for purchase. The expansive creative space includes a mezzanine level and basement, with the potential to activate the rooftop area (see conceptual drawings in marketing package). The property has a versatile and unique layout with high ceilings and a modern, open floor plan that is move-in ready with unlimited possibilities. It's prime location offers close proximity to public parking, public transportation, downtown Columbus, and the Scioto Peninsula. The sale includes the "MANIFEST" building and the 0.51 acre lot on the corner or State Street and McDowell Street.

Adjacent to the Multi-Phase $250M Gravity Project that includes 230,000 SF of Office, 114,000 SF of Retail, and 929 Residential Units. Franklinton, nestled along the western banks of Scioto River in West Columbus, Ohio, is an energetic and expansive neighborhood that extends beyond the typical urban description. It serves as the encompassing term locals use for the city’s western sector. Positioned immediately west of downtown Columbus, Franklinton is distinguished by its evident growth trajectory. Holding the distinction of being the largest section in Columbus, Ohio, this locale presents a diverse array of residential, commercial, and recreational spaces. Conveniently situated adjacent to the Arena District and Downtown, and merely 7.7 miles from the John Glenn Columbus International Airport (CMH), Franklinton enjoys easy accessibility, framed by major interstates I-670, I-70, and 315.


Year Built: 1923
Building Size: 50609sq ft
Building Class: A
Lot Size: 1.64 acres

Map of 421-435 W. State Street, Columbus, OH, 43215

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.