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Confidential Address
Columbus, OH 43212

Leased Retail Center · Retail Property For Sale

Retail Buildings Ohio Columbus Confidential Address, Columbus, OH 43212

Investment Highlights

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

Executive Summary

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1955
Price
$3,153,008 CAD
Price Per SF
$315 CAD
Cap Rate
6.30%
NOI
$198,639 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.24 AC
Zoning
C3, Columbus - General Commercial
Parking
14 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
144 ft on W 1st Ave

Amenities

  • Bus Line
  • Property Manager on Site
  • Pylon Sign
  • Signalized Intersection

PROPERTY TAXES

Parcel Numbers
Multiple
  • 030-000205
  • 030-000007
 Improvements Assessment $363,593 CAD
Land Assessment $208,989 CAD Total Assessment $572,582 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 030-000205
  • 030-000007
Land Assessment
$208,989 CAD
Improvements Assessment
$363,593 CAD
Total Assessment
$572,582 CAD
 

  • Listing ID: 34301823

  • Date on Market: 2024-12-27

  • Last Updated:

  • Address: Confidential Address, Columbus, OH 43212

The Retail Property at Confidential Address, Columbus, OH 43212 is currently available for sale. Contact Alterra Real Estate Advisors for more information.

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