Renovated Freestanding Restaurant
For Sale
Contact for pricing
463 W Town St, Columbus, OH 43215
Includes a commercial kitchen, bar, private restrooms, and rooftop patio.
Property Size4,936 SF
Price / SF$303.89
Days on Market55
Property Features for 463 W Town St
General Information
Standard status
Active
Size
4,936 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Downtown
Additional Details
Asking Price
$1,500,000
Patio
Yes
Building Details
Year Renovated
2018
Listing Agency:
Roth Real Estate Group
(614) 224-8660
Listed By:
Scott Steidel
(614) 404-1423
Source:
Moodyscre
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 24 at 7:22PM
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 Roth Real Estate Group
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Investment Insights
Based on property information with market context.
This 4,936-square-foot freestanding restaurant property combines a full commercial kitchen, bar service area, private restrooms, and established restaurant infrastructure. Renovated in 2018, the building includes dining and entertainment areas along with a second-floor rooftop patio. The layout supports continued restaurant use and other hospitality or entertainment applications.
The property is located at 463 W Town St in Columbus’ Franklinton neighborhood, near Gravity, The Peninsula, and downtown Columbus. It was previously occupied by BrewDog, providing an existing restaurant setting with physical improvements already in place.
The property is located at 463 W Town St in Columbus’ Franklinton neighborhood, near Gravity, The Peninsula, and downtown Columbus. It was previously occupied by BrewDog, providing an existing restaurant setting with physical improvements already in place.
Key Highlights
- 4,936 SF freestanding restaurant/bar property
- Extensively renovated in 2018
- Full commercial kitchen and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,103
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,060
$1.3M
Cap Rate 7%
$944,329
$944.3K
Cap Rate 9%
$734,478
$734.5K
Market Conditions
NOI Build-Up for 4,936 SF
Gross rent
$94.8K $19.20/SF
− Vacancy
−$6.6K −$1.34/SF
EGI
$88.1K $17.86/SF
− OpEx
−$22.0K −$4.46/SF
NOI
$66.1K $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%
$1,322,060
Cap Rate 7%
$944,329
Cap Rate 9%
$734,478
Alternative Uses
Best Use
Specialty Retail
$944.3K
$826.3K – $1.10M
NOI $66,103 @ 7.0% cap · market cap 4.41%
Second Best
Industrial
$278.8K
$244.0K – $325.3K
NOI $19,518 @ 7.0% cap · market cap 1.30%
Theoretical Best
Office A
$1.03M
$900.1K – $1.20M
NOI $72,008 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,385
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a commercial kitchen, bar, private restrooms, and rooftop patio.
Where is this conventional restaurant located?
The property is located at 463 W Town St Columbus, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,936 SF freestanding restaurant/bar property; Extensively renovated in 2018; Full commercial kitchen and bar
