1394-1396 Joyce AveColumbus, OH 43219

Property Details for 1394-1396 Joyce Ave

Year built

1956

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

4,037 SF

Property type

Retail properties

Property subtype

Auto shops

APN

010-126397

APU

10126397

Description

Prime Columbus, Ohio location at 1394-1396 Joyce Avenue offers a 4,037 square foot special purpose building on a 14,810.4 square foot lot, currently operating as a successful auto repair business for over 30 years. The property includes four overhead doors and three lifts, allowing for efficient servicing of multiple vehicles simultaneously. An adjacent vacant alley is included in the sale. The building features two small studio apartments. The property is zoned R-3, and a junk yard license is available to a new owner. The asking price is $550,000 ($136.24/sq ft). The building and associated equipment are being sold

• CAP approach

  CAP return

  Valuation

  6%

  $1,185,855

  6.5%

  $1,094,635

  7%

  $1,016,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,605

  Geo Method

  $951,605

• Alternative Use

  Use

  Valuation

  Residential

  $923,366

  Hospitality

  $845,798

  Educational

  $703,694

  Medical

  $727,895

  Retail

  $1,094,635

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9955

Longitude

-82.9657

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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