1414 Mound StColumbus, OH 43205

Property Details for 1414 Mound St

Year built

1939

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

1,204 SF

Property type

Auto shops

APN

010-009860

APU

10009860

Description

This exceptional 1,204 square foot special purpose property, located at 1414 E Mound Street in Columbus, Ohio, presents a unique investment opportunity. Built in 1939, the building sits on a sizable 7,840.8 square foot corner lot, offering excellent visibility and accessibility. The asking price is $500,000, translating to $415.28 per square foot. Ideal for a small automotive business, the property features a tow bay garage, making it perfectly suited for a variety of automotive-related operations. The entire 1,204 square feet is net rentable, maximizing the potential return on investment. The property's location in the 43205 zip code within Franklin County provides convenient access to major transportation routes and a thriving local market. This is a rare chance to acquire a well-situated, established commercial property with significant potential for growth and profitability in a desirable Columbus location. The property's size and configuration offer flexibility for various automotive uses, making it an attractive option for entrepreneurs and investors alike. The substantial lot size also provides ample space for expansion or additional development, further enhancing its long-term value. This turnkey operation is ready for immediate occupancy and presents a compelling opportunity for a savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $334,474

  6.5%

  $308,745

  7%

  $286,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $283,808

  Geo Method

  $283,808

• Alternative Use

  Use

  Valuation

  Residential

  $260,438

  Hospitality

  $238,560

  Educational

  $198,479

  Medical

  $205,305

  Retail

  $308,745

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9565

Longitude

-82.9612

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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