1673 Brice RdReynoldsburg, OH 43068

Property Details for 1673 Brice Rd

Lot size

0.23 AC

Property type

Retail properties

Property subtype

Auto shops

APN

060-001167

APU

60001167

Description

This exceptional 4,880 square foot auto repair shop in Reynoldsburg, Ohio, presents a lucrative investment opportunity. Located at 1673 Brice Road, this established business boasts a 9.32% cap rate and a strong $205,000 net operating income (NOI) with 100% occupancy. The property sits on a 0.67-acre lot and includes three parcels (APN: 060-001166-00, 060-001167-00, 060-001168-00), zoned C-Commercial. The asking price is $2,200,000, translating to $450.82 per square foot. This single-story building benefits from excellent visibility and a prime location in a thriving community, making it an ideal investment for automotive professionals or developers seeking a high-return asset. The long-standing business enjoys a strong reputation and loyal customer base. The property's potential extends beyond its current use, offering possibilities for redevelopment or conversion. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-performing auto repair center in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,552,421

  6.5%

  $2,356,081

  7%

  $2,187,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,351,315

  Geo Method

  $2,351,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,987,443

  Hospitality

  $1,820,487

  Educational

  $1,514,624

  Medical

  $1,566,714

  Retail

  $2,356,081

Location Insight

City

Reynoldsburg

County

Franklin

State

Ohio

Latitude

39.9459

Longitude

-82.83

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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