151 Hamilton RdGahanna, OH 43230

Property Details for 151 Hamilton Rd

Year built

1900

Construction

WOOD

Lot size

0.72 AC

Property size (Sq ft)

5,884 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

025-000282

APU

25000282

Description

This Gahanna, Ohio restaurant, Gatsby's Bar & Grill, presents a unique investment opportunity. The 5,884 square foot free-standing building sits on a 1.62-acre lot with a traffic light entrance on Hamilton Road. Established for 47 years, the property includes the real estate, business, furniture, fixtures, equipment, leasehold improvements, name, and intellectual property. The sale also includes a full Gahanna liquor license, lottery, keno, and pull tabs. The property boasts outstanding patios, two outdoor volleyball courts, and ample parking (72 spaces). With a current annual sales volume exceeding $1,537,000, this property offers potential for a new owner-operator, chain, regional, or themed operation, or significant redevelopment. Built in 1900 and renovated in 1981, the single-story building is zoned C4. Financial information is available to qualified buyers upon execution of a confidentiality agreement. The property has been 100% occupied since August 1, 2024. Additional outdoor recreational amenities, such as bocce ball or pickleball courts, may be feasible. APN: 025-008113-00. Asking price: $2,100,000 ($356.90/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $1,679,355

  6.5%

  $1,550,174

  7%

  $1,439,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,386,981

  Geo Method

  $1,386,981

• Alternative Use

  Use

  Valuation

  Residential

  $1,307,630

  Hospitality

  $1,197,782

  Educational

  $996,540

  Medical

  $1,030,813

  Retail

  $1,550,174

Location Insight

City

Gahanna

County

Franklin

State

Ohio

Latitude

40.0211

Longitude

-82.8668

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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