865 Parsons AveColumbus, OH 43206
- Retail properties
- 8,806 SF
Property Details for 865 Parsons Ave
- Year built
- 2009
- Lot size
- 0.44 AC
- Property size (Sq ft)
- 8,806 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 010-018530
- APU
- 10018530
Description
This freestanding 7,807 square foot retail building in Columbus, Ohio, is currently occupied by a Family Dollar. Located at 865 Parsons Ave, in Franklin County (zip code 43206), the property boasts 22 parking spaces and 140 feet of frontage on Parsons Avenue, a road with 19,166 vehicles passing daily. Its strategic location offers convenient access to major travel routes and benefits from proximity to Nationwide Children's Hospital, the second largest pediatric hospital in the USA, attracting over 1.8 million patient visits and employing over 20,000 people. The area is experiencing significant growth, with several major development projects underway in the immediate vicinity. These include an 86-unit mixed-use development at 870 Parsons Ave, a 34-unit mixed-use development (including 5,000 square feet of commercial space) known as The Eleanor on Parsons, and a 180-unit mixed-use development (with 18,000 square feet of commercial space) at 476 E Livingston Avenue. This presents a compelling investment opportunity in a high-growth area with strong demographics and excellent visibility. The entire 7,807 square feet is available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,181,890
- 6.5%
- $2,014,052
- 7%
- $1,870,191
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,075,757
- Geo Method
- $2,075,757
-
Alternative Use
- Use
- Valuation
- Residential
- $1,698,928
- Hospitality
- $1,556,209
- Educational
- $1,294,748
- Medical
- $1,339,276
- Retail
- $2,014,052
Location Insight
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Latitude
- 39.946
- Longitude
- -82.9832
- 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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