1691 Dublin Granville RdColumbus, OH 43229

Property Details for 1691 Dublin Granville Rd

Year built

1993

Construction

WOOD

Lot size

3.54 AC

Property size (Sq ft)

9,008 SF

Property type

Turn key restaurants

APN

010-143721

APU

10143721

Description

This Columbus, Ohio property, a former Red Lobster restaurant, presents a unique redevelopment opportunity. Located at 1691 E Dublin Granville Rd, 43229, this 9,008 square foot building sits on a spacious 3.68-acre lot with 100 parking spaces. The property is vacant and being sold AS IS. While the electrical and HVAC wiring has been removed, and some plumbing and fixtures are missing, the metal roof is less than five years old. The kitchen, bar equipment, booths, and benches remain intact. Zoned for commercial use, this single-story building offers versatile potential. Possible uses include, but are not limited to, restaurant, bar, church, daycare, car lot, or storage facility. The property's large lot size allows for multiple business uses within one location. This distressed sale is priced at $1,050,000 ($116.56/sq ft) and offers significant upside potential, considering its previous sale price of $2,984,000 in 2022. The property's APN is 010-143721-00. The building has been vacant since November 2023. No loading docks are present.

• CAP approach

  CAP return

  Valuation

  6%

  $2,494,094

  6.5%

  $2,302,241

  7%

  $2,137,795

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,123,373

  Geo Method

  $2,123,373

• Alternative Use

  Use

  Valuation

  Residential

  $1,942,026

  Hospitality

  $1,778,886

  Educational

  $1,480,012

  Medical

  $1,530,912

  Retail

  $2,302,241

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0857

Longitude

-82.973

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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