Restaurant Property with
1815 Columbus Ave Washington Court House, OH
For Sale
Contact for pricing
Second-generation restaurant with drive-thru, pylon signage, and ample parking.
Property Size5,004 SF
Lot Size1.17 Acres
Price / SF$318.75
Days on Market550
Property Features for 1815 Columbus Ave
General Information
Standard status
Active
Size
5,004 SF
Lot size
1.17 Acres
Property subtype
RETAIL
Listing Agency:
OnSite Retail Group
(513) 382-5413
Listed By:
Zamaris M Garcia · License #OH 74368
(513) 382-5413
Source:
Moodyscre
Added: Jan 24, 2025
Changed: Jul 10
Last Checked: Jul 26 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OnSite Retail Group
Investment Insights
Based on property information with market context.
This is a second-generation restaurant property featuring a drive-thru. The property benefits from valuable pylon signage. Situated directly on Columbus Avenue, also known as U.S. Highway 62, the location offers great visibility and ample parking. The property is 5,004 square feet. The surrounding market is tight with minimal vacancy.
Key Highlights
- 2nd Generation Restaurant Property with Drive‑Thru
- Right on Columbus Ave., U.S. Hwy 62
- Great Visibility
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.1k | $27.00 |
| − Vacancy | −$4.8k | −$0.97 |
| EGI | $130.3k | $26.03 |
| − OpEx | −$32.6k | −$6.51 |
| NOI | $97.7k | $19.53 |
5,004 SF · lease $27.00/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,703 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 1.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant with drive-thru, pylon signage, and ample parking.
Where is this drive through restaurant located?
The property is located at 1815 Columbus Ave Washington Court House, OH.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 2nd Generation Restaurant Property with Drive‑Thru; Right on Columbus Ave., U.S. Hwy 62; Great Visibility
