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    3586 Broadway Grove City, OH 43123

    For Lease
    $32 SF/Yr ($6,805 /Mo)

    Prime freestanding retail, 2,552 SF

    Lot size:
    2,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2,552-square-foot freestanding retail building presents a unique investment opportunity in Grove City, Ohio. Situated on a 0.59-acre lot at the high-traffic intersection of Broadway and Southwest Boulevard, this property boasts a prime corner location less than a mile from downtown Grove City. The building, constructed in 1960, is classified as Class C and features 15 parking spaces. With over 21,000 vehicles passing daily on Broadway, this location offers unparalleled visibility and accessibility. The property's C-2 zoning allows for a variety of commercial uses, making it ideal for retail or restaurant establishments. Its strategic location provides easy access to major roadways including I-270, I-71, Rt-665, and Stringtown Road, ensuring convenient access for customers and employees. A ground lease is available. The surrounding area is densely populated with a mix of retail businesses, restaurants, and residential properties, creating a thriving commercial environment. The property's APN is 040-003032. This is a single-tenant building with the entire 2,552 square feet currently vacant.

    Property Features for 3586 Broadway

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,552 SF
    Class
    C
    Total Rate
    6805.33

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B
    Size
    2,552 SF
    Rate per SF
    $32

    HighLights

    • 2,552 SF freestanding retail building available in Grove City, Ohio.
    • High‑traffic corner lot (0.59 acres) at Broadway & Southwest Blvd.
    • Over 21,000 vehicles per day (VPD) on Broadway.
    • Less than one mile from downtown Grove City.
    • Excellent access to I‑270, I‑71, Rt‑665, and Stringtown Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.08635654
    Latitude
    39.8906522

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    FAQs

    What type of property is this?
    Restaurant - Prime freestanding retail, 2,552 SF
    Where is this restaurant located?
    The property is located at 3586 Broadway Grove City, OH.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 2,552 SF freestanding retail building available in Grove City, Ohio.; High-traffic corner lot (0.59 acres) at Broadway & Southwest Blvd.; Over 21,000 vehicles per day (VPD) on Broadway.
    Request Owner's contact information
    3586 Broadway Grove City, OH 43123
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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
    3586 Broadway Grove City, OH 43123
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