6285 Cleveland AveColumbus, OH 43231

Property Details for 6285 Cleveland Ave

Year built

2000

Lot size

0.89 AC

Property size (Sq ft)

7,081 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

600-249531

APU

600249531

Description

This exceptional 7,260-square-foot free-standing retail building is located at 6285 Cleveland Ave in Columbus, Ohio, zip code 43231. The property sits on a 0.89-acre lot and is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in a thriving commercial area. Situated in northwest Columbus, this location benefits from high visibility and accessibility, drawing customers from a densely populated residential area and neighboring Westerville. The area boasts a diverse economy, with major employers like JP Morgan Chase and healthcare institutions such as Mount Carmel St. Ann's Hospital nearby, ensuring a strong customer base. The building's substantial size offers ample space for a variety of retail uses, allowing for customization to meet specific business needs. This prime location, combined with the property's size and vacancy, makes it an ideal investment for businesses seeking to establish or expand their operations in a high-traffic area of Columbus. The property's single-tenant occupancy ensures ease of management and control. This is a rare opportunity to secure a significant retail space in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,080,019

  6.5%

  $1,920,018

  7%

  $1,782,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,669,139

  Geo Method

  $1,669,139

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,607

  Hospitality

  $1,483,551

  Educational

  $1,234,297

  Medical

  $1,276,746

  Retail

  $1,920,018

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.1011

Longitude

-82.9506

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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