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1495 Morse Rd
Columbus, OH 43229
Morse Road Office · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Prime location on Morse Road, a high-traffic retail corridor in North Central Columbus
- Strong visibility with excellent access to I-71 and I-270
- Close to Easton Town Center, one of the Midwest’s premier shopping and lifestyle destinations
- Columbus is a top-growing Midwest metro, fueling ongoing retail demand
- Nearby corporate expansions and headquarters investments continue to add jobs and strengthen the consumer base
- Recent hospitality and mixed-use development adds to corridor activity and long-term stability
EXECUTIVE SUMMARY
Multi-Tenant Office Building
Total of ± 24,575 SF
- Positioned within the North Central Columbus MSA
- Executive Style Office Space
- Under Market Gross Rents
- Perfect 1031 Size Acquisition
- Low Price Per SqFt Office
- Situated in North Central Columbus MSA with strong economic fundamentals
Value-Add & Upside Potential
- Leasing flexibility offers opportunity to increase net income
- Ideal for both stable cash flow investors and value-add buyers
- Well-positioned to capture future demand driven by regional growth
- Consistent tenant activity with ongoing leasing momentum
Prime North Central Columbus Retail Corridor:
Located along Morse Road, one of Columbus’ busiest east–west retail arteries, the property offers excellent frontage, visibility, and strong daily traffic counts.
Proximity to Anchors and Shopping Destinations:
Within minutes of Easton Town Center—one of the Midwest’s premier mixed-use retail destinations—along with other established shopping nodes, the property benefits from significant consumer crossover and sustained retail demand.
Strong Demographic Base:
Dense population within a five-mile radius, with growing households and above-average consumer spending patterns, supports steady retail sales and tenant performance.
Proximity to Major Expansions & Economic Drivers:
Coca-Cola Consolidated inaugurated a $90 million advanced facility at the Rickenbacker Industrial Complex (~20 miles southeast), enhancing logistics capacity with over 50 loading docks—a significant boon to central Ohio’s supply chain infrastructure.
Anduril “Arsenal-1” Defense Manufacturing:
- Anduril Industries is investing nearly $1?billion to build a 5-million-sq-ft advanced defense manufacturing plant near Rickenbacker (Pickaway County), creating 4,000 direct jobs
- Production expected to begin by July 2026, with Anduril receiving a 30-year tax credit to support the project
Expanding Columbus Consumer Market:
Columbus is among the fastest-growing metro areas in the Midwest, with steady in-migration, a young professional population, and a diverse employment base—all contributing to increased retail demand.
Corporate Expansions Driving Consumer Growth:
Ongoing investment by logistics, defense, technology, and manufacturing companies continues to add jobs and expand the consumer base, fueling demand for retail, dining, and services in nearby corridors.
Hospitality & Mixed-Use Development Momentum:
New hotels and mixed-use projects along Morse Road and across the North Central submarket are boosting area traffic, enhancing the retail environment, and supporting long-term property value.
High-Density Surrounding Retail Trade Area:
The site is surrounded by national and regional retailers, restaurants, service providers, and shopping centers, driving consistent consumer activity and creating a strong draw for tenants.
Total of ± 24,575 SF
- Positioned within the North Central Columbus MSA
- Executive Style Office Space
- Under Market Gross Rents
- Perfect 1031 Size Acquisition
- Low Price Per SqFt Office
- Situated in North Central Columbus MSA with strong economic fundamentals
Value-Add & Upside Potential
- Leasing flexibility offers opportunity to increase net income
- Ideal for both stable cash flow investors and value-add buyers
- Well-positioned to capture future demand driven by regional growth
- Consistent tenant activity with ongoing leasing momentum
Prime North Central Columbus Retail Corridor:
Located along Morse Road, one of Columbus’ busiest east–west retail arteries, the property offers excellent frontage, visibility, and strong daily traffic counts.
Proximity to Anchors and Shopping Destinations:
Within minutes of Easton Town Center—one of the Midwest’s premier mixed-use retail destinations—along with other established shopping nodes, the property benefits from significant consumer crossover and sustained retail demand.
Strong Demographic Base:
Dense population within a five-mile radius, with growing households and above-average consumer spending patterns, supports steady retail sales and tenant performance.
Proximity to Major Expansions & Economic Drivers:
Coca-Cola Consolidated inaugurated a $90 million advanced facility at the Rickenbacker Industrial Complex (~20 miles southeast), enhancing logistics capacity with over 50 loading docks—a significant boon to central Ohio’s supply chain infrastructure.
Anduril “Arsenal-1” Defense Manufacturing:
- Anduril Industries is investing nearly $1?billion to build a 5-million-sq-ft advanced defense manufacturing plant near Rickenbacker (Pickaway County), creating 4,000 direct jobs
- Production expected to begin by July 2026, with Anduril receiving a 30-year tax credit to support the project
Expanding Columbus Consumer Market:
Columbus is among the fastest-growing metro areas in the Midwest, with steady in-migration, a young professional population, and a diverse employment base—all contributing to increased retail demand.
Corporate Expansions Driving Consumer Growth:
Ongoing investment by logistics, defense, technology, and manufacturing companies continues to add jobs and expand the consumer base, fueling demand for retail, dining, and services in nearby corridors.
Hospitality & Mixed-Use Development Momentum:
New hotels and mixed-use projects along Morse Road and across the North Central submarket are boosting area traffic, enhancing the retail environment, and supporting long-term property value.
High-Density Surrounding Retail Trade Area:
The site is surrounded by national and regional retailers, restaurants, service providers, and shopping centers, driving consistent consumer activity and creating a strong draw for tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,575 SF
Building Class
C
Year Built/Renovated
1964/1987
Price
$2,508,468 CAD
Price Per SF
$102.07 CAD
Cap Rate
9.73%
NOI
$243,998 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,144 SF
Building FAR
0.52
Lot Size
1.08 AC
Zoning
C3, Columbus - Commercial
Parking
79 Spaces (3.21 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 010-125855 | Improvements Assessment | $261,246 CAD |
| Land Assessment | $164,998 CAD | Total Assessment | $426,244 CAD |
PROPERTY TAXES
Parcel Number
010-125855
Land Assessment
$164,998 CAD
Improvements Assessment
$261,246 CAD
Total Assessment
$426,244 CAD
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