3841 BroadwayGrove City, OH 43123

Property Details for 3841 Broadway

Year built

1900

Lot size

0.16 AC

Property size (Sq ft)

1,260 SF

Property type

Office properties

Property subtype

Office buildings

APN

040-000844

APU

40000844

Description

This unique 1,260 square foot special purpose building, situated on a 6,098.4 square foot lot at 3841 Broadway in Grove City, Ohio, presents a compelling investment opportunity. Built in 1900, the property boasts a rich history and offers significant potential for a variety of uses. The asking price is $290,000, translating to $230.16 per square foot. The entire 1,260 square feet is net rentable, maximizing your return on investment. Located in the desirable Franklin County, Ohio, with a 43123 zip code, this property benefits from its convenient location and accessibility. The building's age contributes to its unique character and charm, while its substantial lot size provides ample space for expansion or outdoor amenities. This property is ideal for an entrepreneur seeking a distinctive space or an investor looking for a solid return in a thriving Ohio community. The property's historical context and prime location combine to create a rare opportunity in the Grove City market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $207,780

  6.5%

  $191,797

  7%

  $178,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,860

  Geo Method

  $117,860

• Alternative Use

  Use

  Valuation

  Residential

  $237,828

  Hospitality

  $217,849

  Educational

  $181,248

  Medical

  $187,481

  Retail

  $281,941

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8859

Longitude

-83.0908

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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