Columbus, Ohio, is a prime location for investing in Specialty Properties, with 11 available listings offering a range of opportunities. As the state capital and largest city in Ohio, Columbus boasts a diverse economy, with key institutions like the Battelle Memorial Institute, Chemical Abstracts Service, and Ohio State University driving growth and innovation. Specialty Properties in Columbus represent a unique investment opportunity, encompassing a broad spectrum of properties, including those with specialized uses, such as laboratories, art galleries, and historic landmarks. These properties often possess distinct characteristics, such as unique architectural features, prime locations, and proximity to amenities like the Columbus Zoo and Aquarium, Whetstone Park, and the Topiary Park. Columbus's infrastructure, including the Columbus Division of Fire, Columbus Division of Police, and OhioHealth, Mount Carmel Health System, Ohio State University Wexner Medical Center, and Nationwide Children's Hospital, also supports the growth and development of Specialty Properties. With an average price per square foot of $321 USD and an average size of 7,644 square feet, these properties offer a compelling investment opportunity.
In the context of Columbus, Specialty Properties are part of a larger real estate landscape that includes Shopping Centers, Land, Office Properties, and Warehouses. Shopping Centers, like the Easton Town Center, offer a hub of retail activity, while Land properties provide opportunities for development and growth. Office Properties, such as those in the Arena District, serve as hubs for business and commerce, and Warehouses, like those in the Rickenbacker International Airport area, support the city's logistics and distribution needs. With its diverse economy, rich cultural scene, and prime location, Columbus is an attractive destination for businesses, residents, and investors alike, making it an ideal location for Specialty Properties. Overall, Columbus's unique blend of history, culture, and innovation creates a dynamic environment that supports the growth and development of Specialty Properties, making them an attractive investment opportunity.
What financing options are available for specialty property purchases?
When it comes to financing specialty property purchases in Columbus, Ohio, there are various options available. For instance, commercial real estate loans (CRE loans), as explained in our article at CRE loans, can provide the necessary funds for investors and business owners to acquire these unique properties, which currently have 11 available listings with an average price per square foot of $321 USD and an average size of 7,644 square feet, with the largest property spanning 30,783 square feet, and an average cap rate of 8.07%.
