805 Cleveland Ave. Columbus, OH 43201
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805 Cleveland Ave. Columbus, OH 43201 FOR SALE COLUMBUS BUSINESS DISTRICT COLUMBUS STATE CAMPUS I-670 SITE JEFFREY PARK SHORT NORTH CLEVELAND AVE. I-71 ITALIAN VILLAGE NEW ROGUE FITNESS HQ 5TH AVE PRIME REDEVELOPMENT OPPORTUNITY Property: Location: • ± 20,000 Sq. Ft. available • Just east of Short North, adjacent to 4th St. • Situated on ± 5.26 acres of land • Located within major area of redevelopment • Zoned M • Near condos, retail, and hotels • ± 3 Miles to I-71 & I-670 • Near Italian Village Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 DETAILS E 2ND AVE. CLEVELAND AVE. REYNOLDS AVE Property Specifications: Price: • ± 20,000 Sq. Ft. available • Purchase Price: $2,600,000.00 • Situated on 5.26 acres of land • 2017 Estimated Real Estate Taxes: • Zoned M $13,079.86 annually Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 SITE PLAN Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 MAPS E 2ND AVE. E 2ND AVE. REYNOLDS AVE CLEVELAND AVE. Location: • Just east of Short North, adjacent to 4th St. • Located within major area of redevelopment • Near condos, retail, and hotels • ± 3 miles to I-71 & I-670 • Near Italian Village Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 COLUMBUS DISPATCH ARTICLE Milo-Grogan neighborhood gets tax breaks on new, renovated homes By Mark Ferenchik The Columbus Dispatch Posted Aug 9, 2017 at 6:39 AM Updated Aug 9, 2017 at 6:39 AM The Milo-Grogan neighborhood just north of Downtown, which has struggled with crime, poverty and blight for years, has been approved by the city for 15-year, 100 percent tax abatements on new residential construction and large renovation projects. Columbus City Councilwoman Elizabeth Brown said Columbus is filling in a doughnut hole with this designation. Surrounding neighborhoods already have residential tax abatements. “We don’t want Milo to be overlooked. It has a lot of potential. This area would benefit from this kind of tool,” Brown said. Milo-Grogan has the benefit of location. It is just east of the booming Italian Village neighborhood, where escalating home prices are out of reach for many. It also is seeing new businesses, such as Rogue Fitness, which spent $36.5 million to build a 600,000-square-foot manufacturing center at Cleveland and East 5th avenues. The Timken Co. closed its roller-bearing plant there in 2001. The nonprofit developer Homeport plans to build 33 lease-to-own homes in Milo-Grogan on the east side of I-71, and that’s what triggered the abatement legislation, said Steve Schoeny, the city’s development director. Homeport received low-income housing tax credits to help finance the project, and the abatements were part of its application. “It’s just a neighborhood that hasn’t seen a lot of private investment over the years. Unless you see that private investment, city public investment only goes so far,” Schoeny said. Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 COLUMBUS DISPATCH ARTICLE - CONTINUED Four to six homes could be finished by the end of the year, Homeport President Bruce Luecke said. He said he believes the abatements could spur development. Homeport and its partners will own the homes, and the abatements will help the project, he said. The 15-year, 100 percent property-tax abatements will apply to newly built owner-occupied and rental homes. It also will apply to the remodeling of owner-occupied and rental properties; the conversion of rental properties to owner-occupied; and of nonresidential to residential properties — all if the costs meet certain thresholds. Ta Keisha Green, 43, has lived in a lease-to-own home on Reynolds Avenue for the past 10 years and believes it’s a good idea. She plans to buy the Homeport house in another five years. “As long as I can feel safe around here, that’s my plan,” said Green, who runs a home bakery business there called Edible Blessings. She said her home has been broken into twice and that there recently was a homicide a few blocks away. On July 17, 17-year-old Jordan Martin was shot and killed at a gas station at 693 E. 5th Ave. “For the most part, my street is generally quiet,” Green said. Rick Mann, who has managed the Milo Arts Center on East 3rd Avenue for more than three decades, said he doesn’t know what kind of impact the abatements will have on the neighborhood. “Investors are waiting for this,” he said, referring to rental property owners, who he thinks will take advantage of the tax abatements. “I know that’s very attractive to the Wagenbrenner world,” he said, referring to Wagenbrenner Development, which has built homes in central-city neighborhoods such as Italian Village and Weinland Park. [email protected] @MarkFerenchik Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave. Columbus, OH 43201 COLUMBUS DISPATCH ARTICLE Incentives set for new factory on former Timken site in Columbus By Lucas Sullivan The Columbus Dispatch Posted Jun 5, 2015 at 12:01 AM Updated Jun 5, 2015 at 9:31 AM Columbus has offered three companies about $7.3 million in tax incentives to create 166 new jobs, including a deal coveted by Mayor Michael B. Coleman to redevelop the former Timken site. The Columbus City Council is expected to approve offers for Rogue Fitness, BriskHeat Corp. and Arlington Contact Lens Service at its meeting on Monday at City Hall. All three are based in Columbus. NEW ROGUE FITNESS HEADQUARTERS Those companies, in turn, plan to add new jobs and more than $40 million in construction and machinery to their operations in Columbus. The pact solidifies a deal with Rogue to build and outfit a $36.5 million, 600,000-square-foot manufacturing and warehouse operation in the Milo-Grogan neighborhood, which has not shaken the effects of the loss of Timken more than a decade ago. Columbus is offering a 75 percent property-tax abatement for 10 years and an income-tax rebate for six years for 90 new jobs at Rogue. The tax breaks are worth about $7.1 million total to Rogue. The city will reimburse Columbus City Schools for the abated taxes and the district will receive an additional $1.6 million over the next ten years because of the new development, according to city documents. For Coleman, securing Rogue’s investment is one of the biggest moments of his final term in office. Coleman was so excited about the deal he made it one of the key points of his brief and last State of the City speech in February before the pact was finalized. Ray C. Boll, SIOR Jeffrey A. Boll, SIOR Rj BOLL Realty, Ltd. C 614.989.8600 C 614.402.0373 485 Metro Place S, Ste 205 [email protected] [email protected] Dublin, OH 43017 614.799.2100 THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, OR OTHER CONDITIONS, PRIOR SALE OR LEASE OR WITHDRAWAL FROM MARKET WITHOUT NOTICE 805 Cleveland Ave.