Granville Market Business & Real
484 S Main St Granville, OH
For Sale
Contact for pricing
Established market and real estate in desirable Granville, Ohio.
Property Size29,372 SF
Lot Size6.88 Acres
Price / SF$221.30
Days on Market281
Property Features for 484 S Main St
General Information
Standard status
Active
Size
29,372 SF
Lot size
6.88 Acres
Property subtype
RETAIL
Listing Agency:
SHAI-Hess Commercial Real Estate
(740) 587-7441
Listed By:
Brandon Hess
(740) 587-7441
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:15AM
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 SHAI-Hess Commercial Real Estate
Investment Insights
Based on property information with market context.
This confidential listing presents a business and real estate opportunity in Granville, Ohio, featuring a well-established market. The offering includes both the business and the real estate. Ross’ Granville Market has a reputation for quality, service, and local charm, with customer loyalty and steady revenue. The property is located on South Main Street, minutes from downtown Granville and Denison University, and benefits from visibility, walkability, and traffic. The real estate includes a retail facility with parking, an efficient layout, and room for growth or reconfiguration. This is a mixed-use asset with potential in Central Ohio.
Key Highlights
- Established, locally beloved market with a strong reputation.
- Includes both the thriving business and real estate.
- Ideally situated on South Main Street with excellent visibility, walkability, and traffic.
Financial Insights For 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 | $793.0k | $27.00 |
| − Vacancy | −$28.4k | −$0.97 |
| EGI | $764.7k | $26.03 |
| − OpEx | −$229.4k | −$7.81 |
| NOI | $535.3k | $18.22 |
29,372 SF · lease $27.00/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.65M
$6.69M – $8.92M
NOI $535,257 @ 7.0% cap · market cap 8.23%
Second Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,344 @ 7.0% cap · market cap 1.88%
Theoretical Best
Flex RnD
$23.59M
$20.64M – $27.52M
NOI $1,651,250 @ 7.0% cap · market cap 25.40%
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?
Grocery and convenience store - Established market and real estate in desirable Granville, Ohio.
Where is this grocery and convenience store located?
The property is located at 484 S Main St Granville, OH.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Established, locally beloved market with a strong reputation.; Includes both the thriving business and real estate.; **Ideally situated on South Main Street with excellent visibility, walkability, and traffic.**
