805 cleveland ave. - loopnet...805 cleveland ave. columbus, oh 43201 ray c. boll, sior c...

SITECLEV

ELAN

D AV

E.CLEV

ELAN

D AV

E.

805 Cleveland Ave.Columbus, OH 43201

Ray C. Boll, SIORC [email protected]

Jeff rey A. Boll, SIORC [email protected]

Rj BOLL Realty, Ltd.485 Metro Place S, Ste 205

Dublin, OH 43017614.799.2100

FOR SALE

Property:

• ± 20,000 Sq. Ft. available• Situated on ± 5.26 acres of land• Zoned M

PRIME REDEVELOPMENT OPPORTUNITY

JEFFREY PARKJEFFREY PARKSHORT NORTHSHORT NORTH

ITALIAN VILLAGEITALIAN VILLAGE

NEW ROGUE FITNESS HQNEW ROGUE FITNESS HQ

COLUMBUS BUSINESS DISTRICTCOLUMBUS BUSINESS DISTRICT

I-71I-71

5TH AVE5TH 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

I-670I-670

COLUMBUS STATE CAMPUSCOLUMBUS STATE CAMPUS

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

CELEBRATING twenty-one years

1996-2017

E 2ND AVE.E 2ND AVE.

CLEVELA

ND

AVE.

CLEVELA

ND

AVE.

REYNOLDS AVEREYNOLDS AVE





Dublin, OH 43017614.799.2100

DETAILS

Property Specifi cations:

• ± 20,000 Sq. Ft. available• Situated on 5.26 acres of land• Zoned M

Price:

• Purchase Price: $2,600,000.00• 2017 Estimated Real Estate Taxes: $13,079.86 annually



1996-2017





Dublin, OH 43017614.799.2100

SITE PLAN



1996-2017



CLEV

ELA

ND

AV

E.CL

EVEL

AN

D A

VE.

REYNOLDS AVEREYNOLDS AVE





Dublin, OH 43017614.799.2100

MAPS

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



1996-2017





Dublin, OH 43017614.799.2100

Milo-Grogan neighborhood gets tax breaks on new, renovated homesBy Mark Ferenchik The Columbus Dispatch Posted Aug 9, 2017 at 6:39 AMUpdated 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 fi lling 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 benefi t from this kind of tool,” Brown said.

Milo-Grogan has the benefi t 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 nonprofi t 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 fi nance 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.

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Dublin, OH 43017614.799.2100

Four to six homes could be fi nished 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 fi ve 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

COLUMBUS DISPATCH ARTICLE - CONTINUED



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Dublin, OH 43017614.799.2100

Incentives set for new factory on former Timken site in Columbus By Lucas SullivanThe Columbus DispatchPosted Jun 5, 2015 at 12:01 AMUpdated Jun 5, 2015 at 9:31 AM

Columbus has off ered 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 off ers for Rogue Fitness, BriskHeat Corp. and Arlington Contact Lens Service at its meeting on Monday at City Hall. All three are b ased in Columbus.

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 solidifi es a deal with Rogue to build and outfi t a $36.5 million, 600,000-square-foot manufacturing and warehouse operation in the Milo-Grogan neighborhood, which has notshaken the eff ects of the loss of Timken more than a decade ago.

Columbus is off ering 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 fi nal term in offi ce. 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 fi nalized.

COLUMBUS DISPATCH ARTICLE



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NEW ROGUE FITNESS HEADQUARTERS





Dublin, OH 43017614.799.2100

“We have worked for several years to fi nd a new tenant for the former Timken site,” he said in a news release. “Rogue Fitness will be a great addition to the Milo-Grogan neighborhood, providing new jobs for our residents and helping encourage further development in the area.”

William Henniger, who started Rogue in his garage in 2007, said he’s excited about the new venture and the idea of being close to Downtown. Rogue makes equipment for CrossFit training and has 337 employees with an annual payroll of $15.6 million. The annual payroll for the 90 new positions will be about $4 million.“I hope to be up and running in a year or year and a half,” Henniger said.

Timken, based in Canton, closed its Columbus bearings plant in 2001, leaving behind a shell on a 31-acre parcel that can be seen from I-71. Coleman and his development department have tried relentlessly to fi nd a suitor, most recently wooing California-based Stone Brewing, which wanted to add a brewery east of the Mississippi River.

Stone Brewing instead chose a spot in Richmond, Va., for its expansion. “The Timken site was once an economic engine for the city that employed thousands of people,” said Councilwoman Michelle M. Mills, who leads the city council’s development committee. “Rogue Fitness is going to revitalize this brownfi eld and contribute to a new chapter of growth for the Milo- Grogan neighborhood.”Here are the details of the other two tax incentives:

-*- BriskHeat, 1055 Gibbord Ave., builds heaters and heating insulators that are sold internationally.The company is expanding with $1.5 million in new equipment, $750,000 in new construction and has promised to create 26 new full-time positions with an annual total payroll of $941,000.The new construction will be at 4800 Hilton Corporate Dr., according to city documents.

In exchange, Columbus is off ering a 25 percent city income-tax rebate for fi ve years on the new positions, worth about $88,000 total.BriskHeat also plans to create 77 full-time positions to work on its assembly line. Columbus offi cials said they will off er an income-tax incentive once those positions reach a minimum wage of $12 an hour. Those positions will each pay about $19,300 per year.

BriskHeat has 265 full-time employees with an annual payroll of $9.1 million.

-*- AC Lens, 4265 Diplomacy Dr., is a contact-lens retailer planning to spend $2 million in equipment to expand its operations.The company also plans to add 50 new employees with an annual payroll of $2.5 million, adding to its workforce of 110 employees with an annual payroll of $5.3 million.Columbus is off ering a 25 percent income-tax rebate for fi ve years, worth about $80,000.

[email protected] @DispatchSully

COLUMBUS DISPATCH ARTICLE - CONTINUED



1996-2017

805 cleveland ave. - loopnet...805 cleveland ave. columbus, oh 43201 ray c. boll, sior c...

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