Confidential Address - Freestanding FOR SALE


Columbus, OH 43212
$2,195,000 USD
614-365-9000
Confidential Address, Columbus, OH for Sale
$2,195,000 USD
Freestanding - FOR SALE
1/1
null | 6.3% Cap Rate

Confidential Address
Columbus, OH 43212


HIGHLIGHTS

  • 6.3% cap going in increasing to potentially a 12% cap rate over time due to below market rents
  • Property located in the densely populated Grandview Heights offering long-term stability with high-quality renovations and strong tenant commitment
  • Shopping center underwent a complete remodel in 2024
  • Exterior and Interior Upgrades
  • Parking lot resurfaced with new asphalt and fresh striping
  • Both buildings received new EPDM roofing systems with a 20-year warranty, along with a fresh coat of exterior paint

OVERVIEW

Fully Leased 9,525 SF Retail Center Situated in the Heart of Grandview Heights (Hottest Community in Columbus, Ohio) upside from below market rents and priced 20% below market average sales price. Opportunity to self manage for increased return. Tenants paid for their own improvements and building has a new roof and parking lot. This infill site is almost irreplaceable and the asking price is significantly below replacement cost. Grandview is one of Columbus’ most popular gentrified communities and is highly desired with many walkable restaurants, shopping and other amenities. Properties like this do not come up for sale very often.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leased Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C3, Columbus

APN/PARCEL ID

030-000007,030-000205

ASK ABOUT THIS PROPERTY

Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

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Bradford KitchenAlterra Real Estate AdvisorsMore Info
614-365-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.