865 Parsons AveColumbus, OH 43206

Property Details for 865 Parsons Ave

Year built

2009

Lot size

0.44 AC

Property size (Sq ft)

8,806 SF

Property type

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.

• 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

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