333 Agler RdColumbus, OH 43230

  • Retail properties
  • 2,501 SF
For Lease

Property Details for 333 Agler Rd

Year built
1965
Construction
WOOD
Lot size
0.90 AC
Property size (Sq ft)
2,501 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
025-000818
APU
25000818

Description

This exceptional opportunity presents the acquisition of "The Mug," Gahanna's oldest established bar. This single-tenant, free-standing retail property offers a unique investment prospect in a thriving neighborhood. The building encompasses a total of 1 square foot, currently operating as a fully functional bar and presenting a turnkey business acquisition. Located in Franklin County, this property benefits from its long-standing presence within the community and established customer base. The property's history as a neighborhood staple provides a strong foundation for continued success. The compact footprint presents an efficient operational model, minimizing overhead costs. While the square footage is listed as 1 square foot, this is likely a data entry error and further clarification on the actual size is recommended through due diligence. This property is being offered as a single-tenant operation, providing a straightforward investment strategy. The sale includes the existing business, fixtures, and equipment, allowing for immediate occupancy and operation. This is a rare chance to own a piece of Gahanna's history and capitalize on the enduring appeal of a well-established neighborhood bar. Serious inquiries are encouraged to conduct thorough due diligence and confirm all property details. The opportunity to acquire this unique property is limited, so act quickly.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $717,774
    6.5%
    $662,561
    7%
    $615,235
  • Comparable approach

    Method
    Valuation
    Relative Method
    $589,538
    Geo Method
    $589,538
  • Alternative Use

    Use
    Valuation
    Residential
    $558,895
    Hospitality
    $511,944
    Educational
    $425,932
    Medical
    $440,580
    Retail
    $662,561
333 Agler Rd, Columbus, Ohio

Location Insight

City
Gahanna
County
Franklin
State
Ohio
Latitude
40.0191
Longitude
-82.8888
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,478
$64,790
$37,420
$102,210
-
$185,100
$106,900
$292,000

FAQs

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