101 East Town Street

For Sale

101 East Town Street, Columbus, OH 43215

This Columbus property for sale is located at 101 East Town Street. The general use of 101 East Town Street is office and it incorporates 54,818 square feet of class B office space. The current listed sale price for 101 East Town Street is $9,000,000. 101 East Town Street is situated on a lot that is 0.62 acre in size.

Contacts

broker

Ed Fellows

Capitol Equities

Property Details

  • Property Type Office - General Office
  • Property Size 54,818 SF
  • Units 6
  • Lot Size 0.62 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 39
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1971
  • Year Renovated 2022
  • Date Updated Nov 13, 2024
Prominently located on a main intersection of downtown Columbus at Third and Town Streets. One block from Capitol Square, and steps from Columbus Commons, several restaurants, entertainment options, hotels, and more. Located in the downtown business district of the city of Columbus, Franklin County, in the state of Ohio. The city of Columbus is the state capital, and the largest metropolitan market in Ohio. The city of Columbus is currently ranked as the 14th most populous city in the United States, with a population of 905,7400+ per the 2020 US Census. The Columbus metropolitan area, consisting of Franklin County and nine-surrounding counties in central Ohio, has a population of 2.1+ million per the 2020 US Census. The subject property is located in the center core of the business district, one-block from Capitol Square. The property is positioned with easy highway access via I-70 (0.3 miles), I-71 (0.6 miles), and I-670 (0.9 miles) along major downtown access roads. The property sits on public transportation routes, and is within 2-blocks of several public parking garages and surface lots. Primary property uses in the immediate area are a dense combination of corporate and governmental offices, retail, entertainment, hotel and residential. New and conversion residential projects have experienced exponential growth in the immediate area, with several commercial towers currently being converted to condominiums and apartments. The adjacent, former Greyhound transportation hub was recently purchased by COTA and is being considered for redevelopment. Prime downtown entertainment options are within walking distance of the property including Columbus Commons, Ohio Theater, Palace Theater, Southern Theater, Bicentennial Plaza, COSI and the Scioto Mile. Professional and semi-professional sports teams based in downtown Columbus include the Columbus Blue Jackets professional hockey team, Columbus Clippers Triple-A baseball, and Columbus Crew professional soccer team playing in the brand-new Lower.com facility.Introducing 101 East Town Street, a prime investment opportunity in the heart of Columbus, Ohio. This five-story building, boasting 54,818 SF of space, is a fully leased asset with a diverse tenant mix, offering stability and rental upside potential. Partially renovated in 2022, the property features an efficient layout and holds great potential for additional revenue through the renovation of the lower level. Located in a thriving commercial area, this property presents an unmissable opportunity for office building investors seeking a high-performing asset in a prime Columbus location.Attractive lease rate for newly renovated office space. Steps from Capitol Square. Building includes Subway, a high-security data center and Primrose School of Downtown Columbus.

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Highlights

  • Five-story building (plus lower level) currently 100% leased at the corner of Third Street and Town Street
  • Rent upside potential with existing tenants
  • Additional revenue potential to renovate lower level to leasable office space
  • Tenant mix includes long-term deals with a data center (entire third floor), children's daycare (entire second floor and portion of first floor) and recently signed law firm (entire fifth floor)
  • Efficient building layout with minimal common areas
  • Site includes a secured, gated parking lot with access via Town and Third Streets

Attachments

Getting around

  • 87/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 89/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Columbus, OH
  • Neighborhood Columbus City Center
  • Zip Code 43215
  • Market Columbus

Points of Interest

  • Marathon

    0.37 miles

  • Shell

    0.66 miles

  • South Ohio Oil

    0.96 miles

  • BP

    1.06 miles

  • Tesla Supercharger

    1.09 miles

  • Mobil

    1.13 miles

  • Sunoco

    1.23 miles

  • Speedway

    1.44 miles

  • Ampco System Parking - Surface Lot

    0.10 miles

  • Columbus Commons Garage

    0.14 miles

  • Courthouse Public Parking

    0.24 miles

  • Mound Street Lot

    0.25 miles

  • RiverSouth Garage

    0.25 miles

  • Vern Riffe Center Parking Garage

    0.26 miles

  • A-Plus Parking

    0.29 miles

  • Huntington Center & Double Tree Suites Parking

    0.29 miles

  • Franklin County Parking Garage

    0.34 miles

  • Courthouse Parking

    0.35 miles

  • Sheraton Columbus Hotel at Capitol Square

    0.08 miles

  • Holiday Inn

    0.11 miles

  • The Westin Great Southern Columbus

    0.25 miles

  • DoubleTree Suites by Hilton Hotel Columbus Downtown

    0.29 miles

  • Renaissance Columbus Downtown Hotel

    0.33 miles

  • Hotel LeVeque, Autograph Collection

    0.35 miles

  • Residence Inn Columbus Downtown

    0.39 miles

  • Home2 Suites

    0.44 miles

  • Courtyard Columbus Downtown

    0.57 miles

  • The Junto

    0.64 miles

  • The Hills Market Downtown

    0.52 miles

  • Kroger

    0.69 miles

  • Little's Village IGA

    1.02 miles

  • Lucky's Market

    1.44 miles

  • ALDI

    2.18 miles

  • Nusayba Halal Shop

    2.47 miles

  • Save-A-Lot

    2.49 miles

  • Market District - Grandview Yard

    2.50 miles

  • Marshalls

    2.86 miles

  • Target

    2.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Ed Fellows

Capitol Equities