6800 Main StReynoldsburg, OH 43068

Property Details for 6800 Main St

Year built

1941

Construction

WOOD

Lot size

0.41 AC

Property size (Sq ft)

4,028 SF

Property type

Retail properties

Property subtype

Retail space

APN

060-005184

APU

60005184

Description

This exceptional retail property, located at 6800 E Main Street in Reynoldsburg, Ohio, presents a fantastic investment opportunity. Situated in the heart of downtown Reynoldsburg, between Rosehill and Briarcliff Roads, this meticulously maintained building benefits from its prime location within Reynoldsburg's ongoing Main Street redevelopment project, surrounded by new mixed-use and multi-story developments. The 4,028 square foot building sits on a 0.4-acre lot and offers ample potential for a variety of business models. The property features a newly paved parking lot with 10 spaces, ensuring convenient customer access. A significant advantage is the inclusion of a new, attached, heated two-car garage with a drive-in door, perfect for warehousing or storage needs. Inside, the spacious retail area includes a walk-in cooler, an updated bathroom, and a basement with extensive shelving. Recent improvements include a new HVAC system, demonstrating the owner's commitment to maintaining the property's high standards. The property is zoned for the East Main Street District, further enhancing its versatility and appeal. Priced at $1,200,000, this property offers a rare combination of location, size, and features, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,030,692

  6.5%

  $951,408

  7%

  $883,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $949,483

  Geo Method

  $949,483

• Alternative Use

  Use

  Valuation

  Residential

  $802,548

  Hospitality

  $735,130

  Educational

  $611,619

  Medical

  $632,654

  Retail

  $951,408

Location Insight

City

Reynoldsburg

County

Franklin

State

Ohio

Latitude

39.9554

Longitude

-82.8155

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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