491 Park StColumbus, OH 43215

Property Details for 491 Park St

Year built

1949

Lot size

0.29 AC

Property size (Sq ft)

8,522 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

010-055273

APU

10055273

Description

Exceptional restaurant opportunity in vibrant downtown Columbus, Ohio. This 8,522 square foot single-tenant space at 491 Park Street is fully vacant and ready for immediate occupancy. The property boasts a fully functional kitchen featuring an 18-foot hood, ensuring efficient operations. Adding to its appeal is a nearly 3,500 square foot patio, perfect for outdoor dining or entertainment. Its strategic location near the Short North Arts District, Nationwide Arena, Lower.com Field, the new North Market Development, and the City of Columbus Convention Center guarantees high visibility and significant foot traffic. This second-generation restaurant space offers a unique chance to establish a thriving business in a high-demand area. Located in Franklin County, Ohio, with a zip code of 43215, the property's annual taxes are $4.74 per square foot. This is an unparalleled opportunity to capitalize on Columbus's dynamic culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $2,393,822

  6.5%

  $2,209,682

  7%

  $2,051,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,008,813

  Geo Method

  $2,008,813

• Alternative Use

  Use

  Valuation

  Residential

  $1,863,949

  Hospitality

  $1,707,368

  Educational

  $1,420,510

  Medical

  $1,469,363

  Retail

  $2,209,682

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9722

Longitude

-83.0051

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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