1805 Columbus RdGranville, OH 43023

Property Details for 1805 Columbus Rd

Year built

1938

Lot size

1.10 AC

Property size (Sq ft)

2,844 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

019-049830-00.000

APU

1904983000000

Description

This exceptional Granville, Ohio commercial property, located at 1805 Columbus Road, presents a unique investment opportunity. The 1,755 square foot building sits on a substantial 1.1-acre lot (47,916 sq ft), offering ample space for various commercial uses. Built in 1938 and extensively renovated in 2024, the property boasts modern amenities while retaining character. Currently operating at 100% occupancy with a pet care business tenant under a lease with one year remaining, this provides immediate cash flow. The asking price is $550,000, translating to $313.39 per square foot. The property's location in the desirable Granville, Ohio market within Licking County (zip code 43023) offers excellent visibility and accessibility. This versatile space is ideal for a variety of businesses seeking a well-maintained building with significant outdoor space in a thriving community. The combination of a strong tenant, recent renovations, and a prime location makes this an attractive investment opportunity with significant potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $528,694

  6.5%

  $488,026

  7%

  $453,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,932

  Geo Method

  $305,932

• Alternative Use

  Use

  Valuation

  Residential

  $619,081

  Hospitality

  $567,075

  Educational

  $471,800

  Medical

  $488,026

  Retail

  $733,910

Location Insight

City

Granville

County

Licking

State

Ohio

Latitude

40.0567

Longitude

-82.5333

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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