Listing Agency: Grueser Realty & Building g***@yahoo.com Show Phone

Listed By: Larry Conrath Show Phone

Source: Exprealty

Added: Aug 6 Changed: Oct 11 Last Checked: Oct 15 at 2:37AM

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Investment Insights

Based on property information with market context.

This 2,030-square-foot conventional restaurant property is positioned as a flexible commercial asset at 70 Columbus Rd. in Athens. The existing property is described as a blank slate regarding future use, with no specific operating configuration or improvements identified in the available information.

The site carries B-1 zoning and abuts an R-2 zone. Any proposed use should be reviewed with the Athens City Code Office before proceeding, particularly where the intended operation differs from conventional restaurant use. The property address is 70 Columbus Rd, Athens, OH.

Key Highlights

• 2,030‑square‑foot conventional restaurant property
• B‑1 zoning designation
• Abuts an R‑2 zone

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,380

Cap Rate

6.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,600 $287.6K

Cap Rate 7%

$205,429 $205.4K

Cap Rate 9%

$159,778 $159.8K

Market Conditions

NOI Build-Up for 2,030 SF

Gross rent

$24.4K $12.00/SF

− Vacancy

−$3.8K −$1.88/SF

EGI

$20.5K $10.12/SF

− OpEx

−$6.2K −$3.04/SF

NOI

$14.4K $7.08/SF

Area

Athens County, OH

Vacancy

15.67%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,600

Cap Rate 7%

$205,429

Cap Rate 9%

$159,778

Alternative Uses

Best Use

Specialty Retail

$319.1K

$279.3K – $372.3K (±1% cap)

NOI $22,340 @ 7.0% cap · market cap 9.85%

Second Best

Retail

$205.4K

$179.8K – $239.7K (±1% cap)

NOI $14,380 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$463.6K

$405.7K – $540.9K (±1% cap)

NOI $32,453 @ 7.0% cap · market cap 14.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dairy Queen Restaurant

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Real Estate Agency HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

195

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 45701, OH

33,705

Population

13,230

Households

2.5

Avg Household Size

27

Median Age

57%

College-Educated

95%

High-School Grad

148.6 sq mi

ZIP Area

227

Density / Sq Mi

$49,604

Median Household Income

$13,495

Median Earnings

$1,018

Median Rent

$217,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - B-1-zoned property adjoining an R-2 zone, with prospective use subject to Athens City Code review.

Where is this conventional restaurant located?

The property is located at 70 Columbus Rd Athens, OH.

What is the asking price?

The asking price for this property is $226,900.

What are key features of this property?

This property features: 2,030‑square‑foot conventional restaurant property; B‑1 zoning designation; Abuts an R‑2 zone