592 Newark Granville RdGranville, OH 43023

Property Details for 592 Newark Granville Rd

Year built

1987

Lot size

0.10 AC

Property size (Sq ft)

871 SF

Property type

Office properties

APN

020-043650-00.003

APU

2004365000003

Description

This 871 square foot special purpose property, located at 592 Newark Granville Road in Granville, Ohio, is currently listed at $250,000 ($287.03/sq ft). Built in 1987, the property is ideally situated across from the Denison Golf Course. Currently leased to a dentist until May 29, 2026, this presents a strong investment opportunity with a stable tenant. The lease agreement stipulates that the tenant is responsible for all utilities, while the owner covers real estate taxes and condo fees. A monthly condo owner association (COA) fee of $178.12 is also associated with the property. The unit includes handicap access, ensuring compliance with accessibility standards. There is no on-site real estate signage. The property's lot size is not specified. This turnkey investment offers a blend of stable income and a desirable location in the Village of Granville, Ohio, zip code 43023. The net rentable square footage is 871 square feet, matching the total square footage. This presents a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $165,644

  6.5%

  $152,902

  7%

  $141,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,473

  Geo Method

  $81,473

• Alternative Use

  Use

  Valuation

  Residential

  $189,599

  Hospitality

  $173,672

  Educational

  $144,493

  Medical

  $149,462

  Retail

  $224,767

Location Insight

City

Granville

County

Licking

State

Ohio

Latitude

40.068

Longitude

-82.5107

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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