745 Hamilton RdColumbus, OH 43213

Property Details for 745 Hamilton Rd

Year built

1976

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

600 SF

Property type

Retail properties

Property subtype

Retail space

APN

090-000142

APU

90000142

Description

This 600-square-foot convenience store, built in 1976, is situated on a prominent corner lot at 745 S Hamilton Road in Columbus, Ohio, zip code 43213. The property boasts excellent visibility and accessibility from both S Hamilton Road and Langley, offering ample parking for customers on a large 16,117.2 square foot lot. The asking price is $350,000, translating to $583.33 per square foot. The interior is currently a blank canvas, providing a unique opportunity for customization to suit a variety of retail uses. A convenient storage area is included, along with two exterior bathrooms. This property presents a strong investment opportunity in a high-traffic area of Columbus. The entire 600 square feet is net rentable. The property's location and size make it ideal for a variety of retail ventures. Its blank slate interior allows for complete customization to meet the needs of the new owner. The ample parking and prominent corner location ensure high visibility and accessibility for customers. This is a rare opportunity to acquire a well-positioned retail space in a thriving Columbus neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $153,529

  6.5%

  $141,719

  7%

  $131,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $141,432

  Geo Method

  $141,432

• Alternative Use

  Use

  Valuation

  Residential

  $119,545

  Hospitality

  $109,503

  Educational

  $91,105

  Medical

  $94,238

  Retail

  $141,719

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9599

Longitude

-82.8767

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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