865 Parsons AveColumbus, OH 43206

  • Retail properties
  • 8,806 SF
For Lease

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
865 Parsons Ave, Columbus, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,503
$32,200
$221,100
$253,300
-
$92,000
$631,700
$723,700

FAQs

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