0 Columbus StCanal Winchester, OH 43136

  • Retail properties
  • 1,508 SF
For Sale
$580,000 View listing

Property Details for 0 Columbus St

Year built
2023
Lot size
0.11 AC
Property size (Sq ft)
1,508 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

Exceptional investment opportunity: a thriving 1,508 sq ft restaurant building in Lithopolis, Ohio, currently leased to The Pump House Bar and Pizzeria. This single-tenant property boasts a strong 6.5% cap rate, generating $40,800 in annual net operating income. The lease, initiated in September 2023, extends to September 2028, with a five-year renewal option at an increased monthly rent of $3,740. The property sits on a 0.11-acre lot and is zoned C (Commercial). Annual real estate taxes, paid by the owner, amount to $1,454. The building, constructed in 2023, offers a secure and profitable investment in a growing area. The property's APN is 01-00216-300. This turnkey operation presents a compelling opportunity for passive income generation with a well-established tenant and a favorable lease agreement. The property is located at 17-21 E Columbus St, Lithopolis, OH 43136. This is a NNN lease.

Columbus St, Canal Winchester, Ohio

Location Insight

City
Canal Winchester
County
Fairfield
State
Ohio
Latitude
39.8023
Longitude
-82.8064

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