6515 High StLockbourne, OH 43137

Property Details for 6515 High St

Year built

1950

Lot size

1.92 AC

Property size (Sq ft)

3,652 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

150-000177

APU

150000177

Description

This exceptional 13.1-acre commercial and farm property, located at 6515 S High St, Lockbourne, OH 43137, presents a unique investment opportunity. Boasting approximately 836 feet of road frontage on Route 23, this strategically positioned land offers significant development potential. The property consists of three parcels (APN: 150-000177, 150-000717, 150-000943, 150-001270) within Hamilton Township, providing access to readily available utilities. Multiple existing buildings are situated on the site, adding to its versatility. Its convenient location south of Scioto Downs in the Rickenbacker area, with easy access to Routes 665 and 317, enhances its appeal. The property's designation as an Opportunity Zone further amplifies its investment attractiveness. Ideal for a variety of uses, including semi-truck parking, lot storage, and retail outlots, this property offers substantial returns for the discerning investor. The asking price is $3,995,000. This prime location and flexible zoning (Commercial) make this a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $904,867

  6.5%

  $835,262

  7%

  $775,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $860,852

  Geo Method

  $860,852

• Alternative Use

  Use

  Valuation

  Residential

  $704,575

  Hospitality

  $645,387

  Educational

  $536,954

  Medical

  $555,421

  Retail

  $835,262

Location Insight

City

Lockbourne

County

Franklin

State

Ohio

Latitude

39.8273

Longitude

-83.0018

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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