Redevelopment Opportunity 493 E

REDEVELOPMENT OPPORTUNITY 493 E. Livingston Ave Columbus, Ohio 43215

11,111 +/- SF Retail Building on 0.24 +/- Acres for Sale or Lease Alex Marsh - [email protected] Jake Diamond - [email protected] 10 N. High St. Suite 401 Columbus, Ohio 43215 614-221-4286 www.rweiler.com Property Description

INCREDIBLE GERMAN VILLAGE AREA DEVELOPMENT SITE! 11,111 +/- SF retail building on 0.24 +/- acres. Ideal location for a restaurant or brewery. Owner would sell the property or build out a restaurant which could feature a rooftop patio. Free public parking on the street south of the property and E. Livingston Ave. Great location across the street from the billion dollar Children’s Hospital and minutes from Downtown, just north of the affluent German Village.

Address: 493 E Livingston Ave Columbus, OH 43215 County: Franklin PID: 010-001333-00 Location: Between Dutch Alley & S. Washington Ave Building Size: 11,111 +/- SF Acreage: 0.24 +/- acres Sale Price: $1,375,000 Lease Rate: $30.00/SF NNN Parking: Free public parking Zoning: C4 - Regional Scale Commercial District Photos Building Renderings 1st Floor Plan 2nd Floor Plan Elevations Sketch Aerial & Plat Maps Aerial Map

E Livingston Ave

Parsons Ave Nationwide Children’s Hospital expansion

Article: Nationwide Children’s launching $730 million expansion, including psychiatric hospital and 4th research building. Property Location

DOWNTOWN

Scioto River

Site Here

E. Livingston Ave

BREWERY SCHUMACHER DISTRICT GERMAN VILLAGE PLACE

Great Location! Schumacher Place Excellent access to German Village and Downtown Near Nationwide Children’s Hospital Minutes to major arteries & bus lines 15 minutes to Columbus Airport Street Maps Demographics & Traffic Zoning Map

Parcel boundary line

Click here to see zoning text COLUMBUS COMMUNITY PROFILE

Downtown remains essential to the overall economic health of the city. With only 1 percent of the city’s land area, downtown employers house over 17 percent of all jobs in Columbus. As a business rates vacancy office with booming is city the location, near historic lows. A critical part of the city’s efforts to ensure downtown remains the premier employment center in the region is to invest in and grow the residential population. Investments in public amenities are also critical to the long-term health of downtown. Columbus serves as headquarters to major national Columbus serves as headquarters to major national and multinational corporations, including Nationwide Mutual Insurance, L Brands, Huntington Bancshares, American Electric Power (AEP), and Big Lots. In recent years, the healthcare industry has emerged as a growth sector, with the city boasting four nationally recognized health system employers; each employ thousands of healthcare workers and contribute billions of dollars to the local economy. Columbus Employment Downtown Development Downtown - - - -

City Highlights City Columbus Housing Demographic has a The population of Columbus is diverse, young, and popula growth rate double the national average. The city’s tion is well educated, with over 33 percent having earned a tion is well educated, with over 33 percent having national av bachelor or advanced degree compared to the 11th erage of 29 percent. City Observatory ranked Columbus adults by nationwide for increase in college educated young percentage of population. ed city in the United States, covering 228 square miles, the ed city in the United States, for its historic neighborhoods, city is recognized nationwide and sporting district, open attitude, booming downtown arts quality of life. The city’s economy is and notably affordable prides itself on being at the very diverse and the community fiscal responsibility, and public forefront of education reform, in the future of Columbus have safety. Economic investments major initiatives focused on improv created jobs and spurred health, and the environment. ing neighborhoods, community Welcome to Columbus to Welcome in 1812 and has been the capital of Columbus was founded years. As the 15th largest populat the State of Ohio for 200 options, and a thriving local economy. In Nationwide’s Health of Housing Markets 2016 Q2 report, the Columbus housing market was ranked 35th nationwide. Columbus is known for its vibrant, unique neighborhoods. Throughout the city, there are a variety of living options with many neighborhoods consisting of smaller communities within its borders. Residents are able to live in areas that range from historically preserved German Village, to the popular Short North, or newly developed downtown condominums. The City of Columbus’ housing market is booming with trendy and desirable neighborhoods, affordable housing GERMAN VILLAGE COMMUNITY PROFILE

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- www.germanvillage.com Make a Memories Here Here a Memories Make Geography Parks and Landmarks Parks “German Village is memorable for a thousand reasons, reasons, a thousand Village is memorable for “German individuals the intimately personal to are which all of German Village is bound by Pearl Street on the west; East Living- Lath ston Avenue on the north; Grant rop Street, Brust Street, Avenue, Jaeger Street, and Blackberry Alley on the east; and Nursery Lane on the south. fortunate to reside in or visit the neighborhood. The sense of in or visit to reside the neighborhood. fortunate is beauti architecture historic is palpable, the community ful, and the history is visible. Village German easily is not - for live, work, is a vibrant place to neighborhood Our gotten. foun a is built on character of sense play. Our and shop, see richness — in our history, our dation of community. We tradition, and our social We see new genera- interaction. of urban living, tions enjoying our own brand created more of trailblazers”. generations than 50 years ago by previous “German Village You feel it when is an incredible place to be. parks. gateway or explore our the Third Street you cross through another one top of Millions of individualon placed bricks were to form this Village. What we have can’t be replicated. We live it with great passion — because we un- this way — and protect other”. like no neighborhood is a have we what that derstand Schiller Park, named after Johann Christoph Friedrich Christoph Johann named after Schiller Park, von Schiller (1759-1805), meeting a community was once ground for German immigrants. It is now the site of recre ational facilities, hosts gardens, and an amphitheater that free live performances of Shakespearean plays during the of Columbus. summer months courtesy of Actors’ Theatre Rein- and City Park, Street [22] It is bounded by Jaeger center hard, and Deshler Avenues. It has been the area’s activities for festivals since the 1800s. and neighborhood along City Park Avenue, entrance, 23-acre park’s main The greets visitors with by the Huntington Gardens, sponsored Hun and the National Bank and maintained by volunteers, tington park by local the to was presented The statue Schiller statue. statue in Munich, casting of the residents in 1891. It is a second Germany, designed and executed by Max von Widnmann and was transported Columbus statue The 1863. May 9, unveiled on free of charge across the Atlantic. The park is also home to the Vil- citizens of German the dedicated to Umbrella Girl Fountain, missing original sculpture. the replace 1996 to lage in October Boundaries ------City Highlights City Italian Village Commission Village Italian Unique Urban Design Unique Urban Welcome to the Village to Welcome Today Today, German Village is a model of urban neighborhood urban Village is a model of German Today, and revitalization – a nationally recognized preservation price in the neighborhood success story. The average home Village $1 million. The over well several are is $377,450 and strip along Livingston Av has a single commercially zoned enue, and the rest of the neighborhood is mixed use. There neighborhood rest of the and the enue, is of businesses some concentration along Third Street, Mo The Village hawk Street and Whittier Avenue, too. is mostly of sturdy, red-brick homes with a residential neighborhood brick-paved streets. fences along tree-lined, iron wrought A highway bridge over Interstate 70 is all that separates the separates the 70 is all that Interstate A highway bridge over but Columbus, downtown District from Village Historic German as one looks east interstate, the difference between from the of the sits just north 20+ story structure old and new is glaring. A struc Village, no in German and just south, bridge, interstate ture is higher than three stories. Five blocks south, the spire of stands 197’ St. Mary Church off the sidewalk over and towers and sidewalks are orange it. Structures around everything pavers. still brick half) are (about streets many and masonry, histo sense of have a recreated Village does not German with ry or kitschy Bavarianit is a neighborhood feel ~ rather, dating from the 1840s-1890s architecture that has been pre- commercial residential and as a shared its use and served, their walk to People maintained. has been neighborhood due to the overwhelming destinations, park on the street lev- absence of driveways, and live life at a very pedestrian only dense ~ very often is extremely neighborhood el. The struc and many structures, inches separate neighboring Village is nota German multi-family use. built for were tures has changed so little. because its appearance bly different town Columbus, Ohio. Initially platted in 1814 in Columbus’s town Columbus, Ohio. Initially area primarily developed South End, the German Village It was settled largely by German im- between 1840 and 1914. German descendants at one time migrants in the mid 1800s. third of the population of the entire comprised as much as a city of Columbus. German Village is a historic neighborhood just south of down German Village is a historic City Highlights franklin county

DEMOGRAPHICS

1,264,597 33.8 RESIDENTS MEDIAN AGE

480,946 $52,341 HOUSEHOLDS MEDIAN HOUSEHOLD INCOME

FRANKLIN COUNTY EMPLOYMENT BY INDUSTRY WORKFORCE EMPLOYMENT BY INDUSTRY

FRANKLIN COUNTY Construction 4.1% UNEMPLOYMENT RATE and Mining Manufacturing Government helor US Associate Associate US Bachelor Bac 3% Wholesale 16% 5% Trade 4%

Other Retail Trade % 25+ WITH 44.3% Services 3% 9% ASSOCIATE DEGREE OR HIGHER 38.8% Leisure and Transportation Hospitality 10% 6% and Utilities

% 25+ WITH 37.6% 8% Financial Activities BACHELOR’S DEGREE 16% OR HIGHER 30.6% Education and Health 20% 01020304050 Franklin U.S. Professional and County Average Business Services

LARGEST PRIVATE SECTOR EMPLOYERS

COMPANY FTE OPERATIONS Nationwide 13,400 HQ, software development, analytics, data center HQ, distribution of pharmaceuticals and medical devices, radiopharmaceutical Cardinal Health, Inc. 5,058 production JPMorgan Chase & Co. 4,700 Major back office, software development, card manufacturing, data center American Electric Power Company, Inc. 3,627 Utilities HQ, R&D, smart grid technology, transmissions, data center Alliance Data Systems Corporation 3,057 Card services unit HQ, transactions processing, data center Defense Supply Center Columbus 3,000 HQ of the Land and Maritime Supply Chain, distributin of supplies Express Scripts 2,441 Pharmaceuticals distribution, customer service Verizon Communications Inc. 2,406 Telecommunications back office, customer service, switching operations, data center Gap, Inc. 2,200 Distribution and fulfillment of apparel, customer service Abercrombie & Fitch Co. 2,200 HQ, distribution and fulfillment of apparel, software development

Source: U.S. Census Bureau, 2016 Population Estimates; U.S. Census Bureau, American Community Survey 2015; EMSI, 2017; Bureau of Labor Statistics, LAUS, seasonally adjusted by Columbus 2020 (2016 average)

FACTBOOK 11 City Highlights

COLUMBUS ECONOMIC MARKET FORTUNE 1000 HEADQUARTERS

MATT McCOLLISTER Vice President, Economic Development 150 South Front ST, Suite 200 Columbus, OH 43215 Phone: (614)225.6953 Email: [email protected]

Marion County

Knox County Logan County

C D B N

L K F J G H

500 miles 800 km

miles 40 250 0 km TORONTO

75 90

DETROIT 80 CHICAGO 80 90 CLEVELAND

80 COLUMBUS 70 PITTSBURGH INDIANAPOLIS A – Scotts Miracle-Gro Co. I – Bob Evans Farms 71 CINCINNATI B – Pacer J – Retail Ventures Inc. 70 ST. LOUIS RICHMOND C – Cardinal Health K – American Electric Power LOUISVILLE 64 D – Worthington Industries L – Nationwide 64 E – Mettler-Toledo International, Inc. M – Limited Brands 65 77 F – Big Lots N – Abercrombie & Fitch G – Huntington Bancshares O – Greif 40 H – Hexion Specialty Chemicals/Momentive 75

Performance Materials 77 ATLANTA Offering Memorandum

This confidential Offering memorandum has been prepared by The Robert Weiler Company for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

The information contained in the Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guar- antee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property for your needs. All potential buyers must take appropri- ate measures to verify all of the information set forth herein. Both The Robert Weiler company and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained information is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or The Robert Weiler Company for the accuracy of completeness of the Memorandum.

A prospective purchaser must make its own independent investigations, projections, and con- clusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement , approved by Seller, shall bind the property. Each prospective purchaser and /or broker proceeds at its own risk.