1100 Cleveland AveColumbus, OH 43201

Property Details for 1100 Cleveland Ave

Year built

1962

Lot size

0.34 AC

Property size (Sq ft)

1,663 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

010-132066

APU

10132066

Description

This exceptional 1,663-square-foot retail space, previously a Church's Chicken, presents a unique investment opportunity in Columbus, Ohio. Located at the highly visible corner of Cleveland Avenue and E 5th Avenue, this property benefits from a high-traffic location right off the freeway, within the desirable Milo-Grogan Arena district. The single-story building sits on a 0.34-acre lot (APN: 010-132066) and is zoned for commercial use. Currently vacant, the property offers significant potential for a variety of restaurant concepts. A key advantage is the existing hood system, saving considerable time and expense for future tenants. The area is experiencing substantial growth, with major renovations and new construction underway, promising increased foot traffic and visibility for the future occupant. This NNN lease property provides a straightforward and attractive investment opportunity in a rapidly developing neighborhood. The property's convenient location and existing infrastructure make it an ideal choice for a discerning entrepreneur seeking a well-positioned restaurant space. The building's single-story design and ample lot size offer flexibility for potential expansion or outdoor seating. This is a rare chance to acquire a turnkey restaurant space in a prime Columbus location.

• CAP approach

  CAP return

  Valuation

  6%

  $475,220

  6.5%

  $438,665

  7%

  $407,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $392,004

  Geo Method

  $392,004

• Alternative Use

  Use

  Valuation

  Residential

  $370,030

  Hospitality

  $338,946

  Educational

  $281,999

  Medical

  $291,697

  Retail

  $438,665

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9867

Longitude

-82.9886

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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