173 Olentangy StPowell, OH 43065

Property Details for 173 Olentangy St

Year built

1910

Lot size

1.25 AC

Property size (Sq ft)

1,440 SF

Property type

Retail properties

Property subtype

Retail space

APN

319-432-02-003-000

APU

31943202003000

Description

Exceptional redevelopment opportunity in Powell, Ohio's vibrant Downtown Business District. This 1.248-acre lot, featuring a 1,501 square foot existing building constructed in 1910, boasts a prime location on W Olentangy Street, experiencing high daily traffic volume of 14,550 cars. The DB zoning allows for diverse uses, including multi-family residential, retail, daycare, or medical office space. The property's strategic location offers easy access to Downtown Powell, Wedgewood Golf & Country Club, Safari Golf Club, and the Columbus Zoo & Aquarium. Surrounding properties include a mix of residential, retail, office, and industrial uses, creating a dynamic and thriving neighborhood. The two-story building sits on a sizable lot, presenting a significant land value of $681,089.74 per acre. This property presents a unique chance to capitalize on Powell's growth and create a valuable asset in a highly desirable location. The asking price is $850,000. APN: 319-432-02-003-000.

• CAP approach

  CAP return

  Valuation

  6%

  $409,257

  6.5%

  $377,776

  7%

  $350,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,438

  Geo Method

  $339,438

• Alternative Use

  Use

  Valuation

  Residential

  $318,668

  Hospitality

  $291,898

  Educational

  $242,856

  Medical

  $251,208

  Retail

  $377,776

Location Insight

City

Powell

County

Delaware

State

Ohio

Latitude

40.1577

Longitude

-83.0798

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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