1351 Parsons AveColumbus, OH 43206
- Retail properties
- 10,358 SF
Property Details for 1351 Parsons Ave
- Year built
- 1935
- Lot size
- 0.54 AC
- Property size (Sq ft)
- 10,358 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 010-022197
- APU
- 10022197
Description
This exceptional mixed-use property, located at 1351 S Parsons Avenue in Columbus, Ohio, presents a unique investment opportunity. The 9,660 square foot building, formerly a Dollar Tree, sits on a 0.54-acre lot and boasts 34 parking spaces, a significant advantage in this high-traffic area. Built in 1935 and renovated in 1986, the property features a new roof (installed April 2022) and offers flexible space ideal for multiple users. The building is currently vacant and available for sale at $1,390,000. With a C-4 zoning designation, the property allows for a variety of commercial uses. The building's layout includes a 10x8 drive-in door and column spacing of 30' x 20'. The property benefits from approximately 17,694 vehicles passing daily on Parsons Avenue, providing excellent visibility and accessibility. The minimum divisible space is approximately 2,500 square feet, with potential for division into multiple units up to approximately 10,000 square feet. This location offers convenient access to major travel routes, making it an attractive option for businesses seeking high visibility and ample parking in a thriving South Columbus commercial corridor. The property's history as a successful retail location, combined with its versatile zoning and ample parking, makes it an ideal investment for a variety of commercial ventures. This is a NNN lease type property.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,566,434
- 6.5%
- $2,369,016
- 7%
- $2,199,800
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,441,596
- Geo Method
- $2,441,596
-
Alternative Use
- Use
- Valuation
- Residential
- $1,998,354
- Hospitality
- $1,830,481
- Educational
- $1,522,939
- Medical
- $1,575,315
- Retail
- $2,369,016
Location Insight
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Latitude
- 39.936
- Longitude
- -82.9839
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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