434 Frebis AveColumbus, OH 43206

Property Details for 434 Frebis Ave

Year built

2002

Lot size

0.23 AC

Property size (Sq ft)

1,950 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

010-252846

APU

10252846

Description

This exceptional 1,950 square foot car wash, built in 2002, is situated on a 10,454.4 square foot lot in Columbus, Ohio's Marion Village neighborhood. Priced at $395,000 ($202.56/sq ft), this property presents a compelling investment opportunity. The established business boasts updated equipment and includes vending machines selling car accessories and cleaning supplies. Existing maintenance personnel are willing to remain. The property's prime location offers easy access to High Street, I-71, State Route 104, and Downtown Columbus (less than 20 minutes away). A nearby COTA bus stop enhances accessibility. This versatile property allows for continued operation as a car wash, structural conversion, or new construction. The seller is open to owner financing, making this an attractive proposition for various investors. The property's address is 434 Frebis Avenue, Columbus, OH 43206. This is a rare chance to acquire a thriving business with significant upside potential in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $483,158

  6.5%

  $445,992

  7%

  $414,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $459,656

  Geo Method

  $459,656

• Alternative Use

  Use

  Valuation

  Residential

  $376,211

  Hospitality

  $344,607

  Educational

  $286,709

  Medical

  $296,569

  Retail

  $445,992

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9357

Longitude

-82.9844

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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