340 Greenlawn AveColumbus, OH 43223

Property Details for 340 Greenlawn Ave

Year built

1963

Lot size

0.65 AC

Property size (Sq ft)

2,970 SF

Property type

Turn key restaurants

APN

010-005872

APU

10005872

Description

This exceptional 2,970-square-foot freestanding restaurant building is available for sale at $695,000. Located at 340 Greenlawn Avenue in Columbus, Ohio (zip code 43223), this single-unit property boasts excellent visibility and accessibility. Built in 1963 and extensively renovated in 2019, the building sits on a 0.64-acre lot and offers ample parking with 36 spaces on-site. The property benefits from a high-traffic location, directly off I-71 (124,837 vehicles per day) and Greenlawn Avenue (21,943 vehicles per day), providing significant exposure to potential customers. Its strategic position across from Berliner Park, a major softball complex attracting over 120,000 visitors annually, further enhances its appeal. The property is currently vacant, presenting a unique opportunity for a quick-service restaurant (QSR) or automotive-related business. The building is a single-story structure with easy ingress and egress at a signalized traffic light. The asking price per square foot is $234.01. This is a turnkey opportunity in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $735,886

  6.5%

  $679,280

  7%

  $630,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $700,091

  Geo Method

  $700,091

• Alternative Use

  Use

  Valuation

  Residential

  $572,998

  Hospitality

  $524,863

  Educational

  $436,680

  Medical

  $451,698

  Retail

  $679,280

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9398

Longitude

-83.0058

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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