Restaurant and Grocery
5676 Columbus Square Columbus, OH 43231
5676 Columbus Square, Columbus, OH, 43231
$265,000
For Sale
$265,000
Fully built-out restaurant and grocery facility includes walk-in coolers, freezer space, and a hood system.
Property Size3,000 SF
Price / SF$88.33
Days on Market86
Property Features for 5676 Columbus Square
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Business Opportunity
Listing agency
Di Lusso Real Estate
(614) 900-1000
Listed by
Fisal Ikhmayes · License #2024003271
(614) 900-1000
Source
Exprealty
Added: Apr 28 Updated: Jul 21 at 10:39PM Checked: Jul 21 at 10:39PM
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 Di Lusso Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property is a fully built-out food facility with a complete restaurant setup, including equipment, walk-in coolers, freezer space, and a hood system. The functional layout is approximately 3,000 SF and is designed to support grocery, bakery, and food service operations, with existing infrastructure that remains in place for a variety of food concepts.
The business is currently closed for retail operations and is being used as a bakery, with established distribution throughout Columbus. The existing equipment and improvements provide a practical foundation for an owner-operator looking to reopen for grocery, restaurant, or bakery use, or to convert to a new concept while leveraging what is already installed.
The business is currently closed for retail operations and is being used as a bakery, with established distribution throughout Columbus. The existing equipment and improvements provide a practical foundation for an owner-operator looking to reopen for grocery, restaurant, or bakery use, or to convert to a new concept while leveraging what is already installed.
Key Highlights
- Approximately 3,000 SF fully built‑out facility for grocery, bakery, and food service operations
- Includes complete restaurant setup with equipment, walk‑in coolers, and freezer space
- Hood system included for food service operations
Local Financial Insights For Industrial
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 | $18.4k | $6.12 |
| − Vacancy | −$1.4k | −$0.47 |
| EGI | $16.9k | $5.65 |
| − OpEx | −$5.1k | −$1.69 |
| NOI | $11.9k | $3.95 |
3,000 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$573.9K
$502.2K – $669.6K
NOI $40,176 @ 7.0% cap · market cap 15.16%
Second Best
Retail
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 13.05%
Theoretical Best
Office A
$625.2K
$547.1K – $729.4K
NOI $43,765 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Kumasi Kejetia African Market Inc — 5306 Cleveland Ave, Columbus, OH 43231
FAQs
What type of property is this?
Grocery and convenience store - Fully built-out restaurant and grocery facility includes walk-in coolers, freezer space, and a hood system.
Where is this grocery and convenience store located?
The property is located at 5676 Columbus Square Columbus, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 3,000 SF fully built‑out facility for grocery, bakery, and food service operations; Includes complete restaurant setup with equipment, walk‑in coolers, and freezer space; Hood system included for food service operations
