Turnkey Restaurant with
For Sale
$1,100,000
Pending
22 E Mound Street Columbus, Columbus, OH 43215
Historic property includes a fully operational restaurant/bar and two upstairs rental units.
Property Size4,464 SF
Days on Market71
Property Features for 22 E Mound Street Columbus
General Information
Standard status
Pending
Size
4,464 SF
Restaurant
Commercial Hood
Yes
Equipment Included
No
Liquor License
No
Additional Details
Furnished
No
Taxes and HOA fees
Annual Taxes
$15,328
Amenities
No
0.06
4464.0
Building Details
Building Size
4,464 SF
Year Built
1920
Stories
2
Listed By:
Sinath Johnson
(614) 660-5959
Source:
Movenowohio
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 5 at 4:13PM
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 Sinath Johnson
Investment Insights
Based on property information with market context.
This for-sale property offers a turnkey restaurant/bar operation on the ground level along with two rental opportunities on the upper level. The restaurant/bar includes a functional hood system, and the upstairs space is currently operated by the tenant as short-term rentals. The offering also references inclusion of FF&E and other items, with a note that the liquor license and business entity are not included in the sale price.
The building is presented as a historic Columbus landmark. It includes both income-producing restaurant/bar space and residential rental units in a single on-site structure.
For investors or owner-operators looking for an all-in-one setup, the layout supports an active food and beverage use downstairs and rental operations above.
The building is presented as a historic Columbus landmark. It includes both income-producing restaurant/bar space and residential rental units in a single on-site structure.
For investors or owner-operators looking for an all-in-one setup, the layout supports an active food and beverage use downstairs and rental operations above.
Key Highlights
- Historic property with a fully operational restaurant/bar on the ground level
- Restaurant/bar includes a functional hood system
- Two upstairs rental opportunities that are operated as rentals/Airbnb by the current tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,782
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,640
$1.2M
Cap Rate 7%
$854,029
$854.0K
Cap Rate 9%
$664,244
$664.2K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$85.7K $19.20/SF
− Vacancy
−$6.0K −$1.34/SF
EGI
$79.7K $17.86/SF
− OpEx
−$19.9K −$4.46/SF
NOI
$59.8K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,195,640
Cap Rate 7%
$854,029
Cap Rate 9%
$664,244
Alternative Uses
Best Use
Specialty Retail
$854.0K
$747.3K – $996.4K
NOI $59,782 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$436.8K
$382.2K – $509.6K
NOI $30,578 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$930.3K
$814.0K – $1.09M
NOI $65,122 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
6,380
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic property includes a fully operational restaurant/bar and two upstairs rental units.
Where is this conventional restaurant located?
The property is located at 22 E Mound Street Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Historic property with a fully operational restaurant/bar on the ground level; Restaurant/bar includes a functional hood system; Two upstairs rental opportunities that are operated as rentals/Airbnb by the current tenant
