3586 BroadwayGrove City, OH 43123

Property Details for 3586 Broadway

Year built

1960

Construction

WOOD

Lot size

0.59 AC

Property size (Sq ft)

2,552 SF

Property type

Gas stations

APN

040-003032

APU

40003032

Description

This exceptional 2,552-square-foot freestanding retail building presents a unique investment opportunity in Grove City, Ohio. Situated on a 0.59-acre lot at the high-traffic intersection of Broadway and Southwest Boulevard, this property boasts a prime corner location less than a mile from downtown Grove City. The building, constructed in 1960, is classified as Class C and features 15 parking spaces. With over 21,000 vehicles passing daily on Broadway, this location offers unparalleled visibility and accessibility. The property's C-2 zoning allows for a variety of commercial uses, making it ideal for retail or restaurant establishments. Its strategic location provides easy access to major roadways including I-270, I-71, Rt-665, and Stringtown Road, ensuring convenient access for customers and employees. A ground lease is available. The surrounding area is densely populated with a mix of retail businesses, restaurants, and residential properties, creating a thriving commercial environment. The property's APN is 040-003032. This is a single-tenant building with the entire 2,552 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $616,795

  6.5%

  $569,349

  7%

  $528,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,560

  Geo Method

  $601,560

• Alternative Use

  Use

  Valuation

  Residential

  $480,267

  Hospitality

  $439,922

  Educational

  $366,010

  Medical

  $378,598

  Retail

  $569,349

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8906

Longitude

-83.0858

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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