1584-1586 Pearl StColumbus, OH 43207

Property Details for 1584-1586 Pearl St

Year built

1920

Lot size

0.24 AC

Property size (Sq ft)

6,476 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This Columbus, Ohio retail property at 1584-1586 S. High St & 1591 S Pearl St offers a compelling investment opportunity. The 6,476 square foot, two-story brick building, built in 1920, sits on a 0.24-acre lot and boasts 100% occupancy with a gross lease in place for five more years. The property features a ±2,662 square foot restaurant space on the first floor and a ±2,510 square foot apartment on the second floor. A separate two-bedroom, one-bathroom single-family residence is located on the rear of the parcel. The restaurant includes a patio, two distinct dining areas, and a fully equipped kitchen. This prime corner location in Merion Village offers exceptional visibility and convenient access to major roadways including I-71, I-70, and SR-104, with approximately 122,973 vehicles passing daily on South High Street. The asking price is $925,000, representing a 7.20% capitalization rate. This property presents an ideal redevelopment or investment opportunity, minutes from German Village and downtown Columbus. The former Geordie's English Pub location is ready for a new tenant or owner-operator. The property's strong location and existing income stream make it an attractive addition to any portfolio.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9297

Longitude

-82.9952

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