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    865 Parsons Ave Columbus, OH 43206

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    For Lease
    Contact for pricing

    7,807 SF Family Dollar, High Traffic Area

    Lot size:
    7,807 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This freestanding 7,807 square foot retail building in Columbus, Ohio, is currently occupied by a Family Dollar. Located at 865 Parsons Ave, in Franklin County (zip code 43206), the property boasts 22 parking spaces and 140 feet of frontage on Parsons Avenue, a road with 19,166 vehicles passing daily. Its strategic location offers convenient access to major travel routes and benefits from proximity to Nationwide Children's Hospital, the second largest pediatric hospital in the USA, attracting over 1.8 million patient visits and employing over 20,000 people. The area is experiencing significant growth, with several major development projects underway in the immediate vicinity. These include an 86-unit mixed-use development at 870 Parsons Ave, a 34-unit mixed-use development (including 5,000 square feet of commercial space) known as The Eleanor on Parsons, and a 180-unit mixed-use development (with 18,000 square feet of commercial space) at 476 E Livingston Avenue. This presents a compelling investment opportunity in a high-growth area with strong demographics and excellent visibility. The entire 7,807 square feet is available.

    Property Features for 865 Parsons Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,807 SF

    Unit(s) available at that property

    Space
    Size
    7,807 SF

    HighLights

    • 7,807 SF freestanding retail building in Columbus, OH.
    • 22 parking spaces.
    • 140 feet of frontage on Parsons Avenue, with 19,166 vehicles per day.
    • Convenient access to major roadways.
    • Proximity to Nationwide Children's Hospital (2nd largest pediatric hospital in the US, over 1.8 million patient visits and 20,000 employees).
    • Surrounded by significant new development, including three nearby mixed‑use projects totaling over 300 units and 23,000 SF of commercial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store LibertyX Bitcoin ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.982880384387
    Latitude
    39.945755704443

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    FAQs

    What type of property is this?
    Retail property - 7,807 SF Family Dollar, High Traffic Area
    Where is this retail property located?
    The property is located at 865 Parsons Ave Columbus, OH.
    What are key features of this property?
    This property features: 7,807 SF freestanding retail building in Columbus, OH.; 22 parking spaces.; 140 feet of frontage on Parsons Avenue, with 19,166 vehicles per day.
    Request Owner's contact information
    865 Parsons Ave Columbus, OH 43206
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    Columbus, OH 43206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    865 Parsons Ave Columbus, OH 43206
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