1947 Stringtown RdGrove City, OH 43123

Property Details for 1947 Stringtown Rd

Year built

1968

Lot size

2.04 AC

Property size (Sq ft)

10,701 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

040-013252

APU

40013252

Description

This exceptional 2.036-acre commercial land parcel presents a unique opportunity for businesses seeking a strategic location in Grove City, Ohio. Situated at 1947 Stringtown Rd, with convenient access to Gantz Road, this single-tenancy property offers significant potential for development. The property is designated as commercial land and is currently available for lease. The lot size provides ample space for a variety of commercial ventures, allowing for substantial building footprint or ample outdoor space depending on the intended use. The property's location within Franklin County ensures easy access to major transportation routes, enhancing its appeal to businesses requiring convenient logistics. This is an ideal opportunity for companies looking to establish a strong presence in a thriving Ohio market. The property's zoning and permitted uses should be independently verified by prospective tenants. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The property is located in the 43123 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $2,391,372

  6.5%

  $2,207,420

  7%

  $2,049,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,522,448

  Geo Method

  $2,522,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,862,041

  Hospitality

  $1,705,620

  Educational

  $1,419,056

  Medical

  $1,467,859

  Retail

  $2,207,420

Location Insight

City

Grove City

County

Franklin

State

Ohio

Latitude

39.8776

Longitude

-83.0551

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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