Tool Rental Business Opportunity

3143 E Main St, Columbus, OH 43213

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For Sale

$765,000

Real estate and business for sale at major intersection.

Property size:

5,267 SF

Lot size:

0.42 Acres

Price / SF:

$145/SF

Listing Contact

Randy J Best

Real Estate License ID: 311236

HighLights

High traffic corner location on Main Street and James Road.
Two buildings totaling approximately +/- 5,267 SF on +/- 0.42 acres.
Price includes real estate.
Potential for multiple uses or development.
Newer building approximately +/- 3,851 SF.
Service station building approximately +/- 1,416 SF.

For Sale

$765,000

Real estate and business for sale at major intersection.

Property size:

5,267 SF

Lot size:

0.42 Acres

Price / SF:

$145/SF

Added:: Dec 31, 2024
Days on Market:: 527
Last Refresh:: Apr 5 at 8:20 pm

Property Features for 3143 E Main St

General Information

Standard status: Active
Size: 5,267 SF
Lot size: 0.42 Acres

We can help!

Listing Contact

Randy J Best

Listing agent Randy J Best License #311236

Listing office Best Corporate Real Estate

Listing date Dec 31, 2024

Source Exprealty

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 Best Corporate Real Estate

HighLights

High traffic corner location on Main Street and James Road.
Two buildings totaling approximately +/- 5,267 SF on +/- 0.42 acres.
Price includes real estate.
Potential for multiple uses or development.
Newer building approximately +/- 3,851 SF.
Service station building approximately +/- 1,416 SF.

Overview

The property includes real estate and a long-time tool rental business, Murray's Tool Rental, Inc., which has been in operation since the 1950s. The site features two buildings: a service station of approximately 1,416 square feet and a newer building of approximately 3,851 square feet. These structures are situated on approximately 0.42 acres at a high-traffic major intersection. The business has been family-owned and operated for approximately 70 years. The real estate and buildings could be used for multiple purposes or development. The property has corner access on Main Street and James Road.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$94.8k	$18.00
− Vacancy	−$8.1k	−$1.53
EGI	$86.7k	$16.47
− OpEx	−$26.0k	−$4.94
NOI	$60.7k	$11.53

5,267 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$867.5K

$759.0K – $1.01M (±1% cap)

NOI $60,723 @ 7.0% cap · market cap 7.94%

Second Best

Industrial

$297.5K

$260.3K – $347.1K (±1% cap)

NOI $20,826 @ 7.0% cap · market cap 2.72%

Theoretical Best

Office A

$1.10M

$960.5K – $1.28M (±1% cap)

NOI $76,837 @ 7.0% cap · market cap 10.04%

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

Property Profile Location Intelligence

Current Use by Public Records

Automotive properties

Suggested Use

Similar Places Nearby

U-Haul Neighborhood Dealer — 4915 E Main St, Columbus, OH 43213

Location Insight

Map
Local Demand

City: Columbus
County: Delaware
State: Ohio
Longitude: -82.9143
Latitude: 39.9564

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For sale
Automotive properties
OH
Columbus
43213
3143 E Main St

What type of property is this?

Automotive property - Real estate and business for sale at major intersection.

Where is this automotive property located?

The property is located at 3143 E Main St Columbus, OH.

What is the asking price?

The asking price for this property is $765,000.

What are key features of this property?

This property features: High traffic corner location on Main Street and James Road.; Two buildings totaling approximately +/- 5,267 SF on +/- 0.42 acres.; Price includes real estate.