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    1664 W 1St Ave Columbus, OH 43212

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    For Sale
    $2,195,000

    Fully leased retail center in Columbus, Ohio's Grandview Heights.

    Property size:
    9,525 SF
    Lot size:
    0.24 Acres

    Property Features for 1664 W 1St Ave

    General Information

    Size
    9,525 SF
    Lot size
    0.24 Acres

    Source: Alterra Real Estate Advisors Agent Brad L Kitchen, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grandview Heights Retail Center For Sale

    This is a fully leased 9,525 square foot retail center located in Grandview Heights, Columbus, Ohio. The property is positioned in an infill location. The building has a new roof. Tenants have paid for their own improvements. There is potential upside from below market rents. The asking price is significantly below replacement cost and priced 20% below market average sales price. There is an opportunity to self-manage for increased return.
    Location Intelligence

    Current Use by Public Records

    La Tavola Italian Restaurant The Culinary Table Culinary School

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Star Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0494321
    Latitude
    39.9822804

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    FAQs

    What type of property is this?
    Shopping center - Fully leased retail center in Columbus, Ohio's Grandview Heights.
    Where is this shopping center located?
    The property is located at 1664 W 1St Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: - Fully leased 9,525 SF retail center in Grandview Heights.; - Priced 20% below market average sales price.; - Upside potential from below market rents.
    (614) 327-4366
    Request Owner's contact information
    1664 W 1St Ave Columbus, OH 43212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1664 W 1St Ave Columbus, OH 43212
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