6251 High StLockbourne, OH 43137

Property Details for 6251 High St

Lot size

0.13 AC

Property type

Turn key restaurants

APN

150-001171

APU

150001171

Description

This exceptional 1,943 sq ft restaurant, built in 1957, is situated on a 1.52-acre lot at the signalized intersection of S High Street and SR 665 in Lockbourne, Ohio (zip code 43137). Boasting approximately 160 feet of frontage along bustling South High Street (SR 23), this property benefits from high daily traffic counts of around 36,551 vehicles. The single-story building sits on a parcel with APN numbers 150-001169, 150-001170, and 150-001171, and is zoned Community Commercial (CC). Located roughly 12 miles south of downtown Columbus, this location presents a unique investment opportunity within a designated Tax Incentive Opportunity Zone. The asking price is $700,000, translating to $360.27 per square foot. Its prime location makes it suitable for a variety of uses, including fast food or fast-casual restaurants, gas stations, and motels. This property offers significant potential for growth and return on investment. The property consists of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,392,237

  6.5%

  $1,285,142

  7%

  $1,193,346

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,324,515

  Geo Method

  $1,324,515

• Alternative Use

  Use

  Valuation

  Residential

  $1,084,065

  Hospitality

  $992,998

  Educational

  $826,163

  Medical

  $854,576

  Retail

  $1,285,142

Location Insight

City

Lockbourne

County

Franklin

State

Ohio

Latitude

39.8327

Longitude

-83.0006

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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