3111 Columbus StGrove City, OH 43123

Property Details for 3111 Columbus St

Year built

1983

Construction

WOOD

Lot size

0.61 AC

Property size (Sq ft)

6,150 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

040-000631

APU

40000631

Description

This exceptional commercial property at 3111 Columbus Street offers a versatile office space totaling 6,195 square feet, currently configured as a single-tenant occupancy. The building sits on a 0.61-acre lot and boasts an impressive 36 parking spaces, ensuring ample convenience for employees and clients. A significant advantage is the availability of an additional 1,550 square feet of contiguous space, allowing for expansion to a total of 3,100 square feet, ideal for growing businesses. The open floor plan provides flexibility for various office configurations. The property enjoys a highly desirable location, a short distance from Downtown Grove City and Stringtown Road, offering excellent accessibility. Furthermore, a COTA bus stop is conveniently located at the corner of Haughn and Columbus Street, enhancing public transportation access. The property owner allows signage, subject to approval by the City of Grove City. The property's APN is 040-000631, and its cross street is Wilbur Ave. Additional details are available upon request. This is a rare opportunity to secure a well-located, spacious office property with significant expansion potential. Please note that further information is available in the A2A remarks.

• CAP approach

  CAP return

  Valuation

  6%

  $967,986

  6.5%

  $893,525

  7%

  $829,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $575,271

  Geo Method

  $575,271

• Alternative Use

  Use

  Valuation

  Residential

  $1,107,972

  Hospitality

  $1,014,896

  Educational

  $844,382

  Medical

  $873,421

  Retail

  $1,313,482

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8813

Longitude

-83.0857

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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