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    1673 Brice Rd Reynoldsburg, OH 43068

    Sponsored
    For Sale
    $2,200,000

    High-Return Auto Repair Center

    Property size:
    4,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,880 square foot auto repair shop in Reynoldsburg, Ohio, presents a lucrative investment opportunity. Located at 1673 Brice Road, this established business boasts a 9.32% cap rate and a strong $205,000 net operating income (NOI) with 100% occupancy. The property sits on a 0.67-acre lot and includes three parcels (APN: 060-001166-00, 060-001167-00, 060-001168-00), zoned C-Commercial. The asking price is $2,200,000, translating to $450.82 per square foot. This single-story building benefits from excellent visibility and a prime location in a thriving community, making it an ideal investment for automotive professionals or developers seeking a high-return asset. The long-standing business enjoys a strong reputation and loyal customer base. The property's potential extends beyond its current use, offering possibilities for redevelopment or conversion. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established, high-performing auto repair center in a desirable location.

    Property Features for 1673 Brice Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    4,880 SF
    Lot Size
    29,185 SF

    Building Details

    Stories
    1

    HighLights

    • Retail automotive service center.
    • 4,880 SF building on a 0.67‑acre lot.
    • C‑Commercial zoning.
    • Includes three parcels (APN: 060‑001166‑00, 060‑001167‑00, 060‑001168‑00).
    • Established business with strong goodwill and loyal customer base.
    • 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beany's Auto Service ... Auto Repair Shop

    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
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8300696
    Latitude
    39.9458039

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    FAQs

    What type of property is this?
    Automotive property - High-Return Auto Repair Center
    Where is this automotive property located?
    The property is located at 1673 Brice Rd Reynoldsburg, OH.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Retail automotive service center.; 4,880 SF building on a 0.67-acre lot.; C-Commercial zoning.
    Request Owner's contact information
    1673 Brice Rd Reynoldsburg, OH 43068
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    Reynoldsburg, OH 43068
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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
    1673 Brice Rd Reynoldsburg, OH 43068
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