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    262 Grant Ave Columbus, OH 43215

    Sponsored
    For Sale
    $547,500

    Prime location, 100% occupied, strong lease.

    Property size:
    1,652 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,652 square foot medical office building presents a compelling investment opportunity in the heart of Columbus, Ohio. Located at 262 S Grant Avenue, this single-story stucco building sits on two parcels totaling 2,613.6 square feet and includes a private parking lot. Currently operating at 100% occupancy, the property is zoned for medical use and is leased to an independent pharmacy. The lease agreement extends until April 2028, providing immediate and long-term income potential. Its prime location offers unparalleled convenience, situated just steps from Grant Hospital and less than a mile from Nationwide Children's Hospital, ensuring high visibility and accessibility. The asking price is $547,500, translating to $331.42 per square foot. This represents a rare chance to acquire a well-maintained, high-demand property in a thriving healthcare corridor of Columbus. The property's strong tenant and lease terms, combined with its strategic location, make it an attractive investment for discerning buyers seeking stable returns and future appreciation. The building's solid construction and ample parking further enhance its value proposition. This is a turnkey opportunity to own a profitable medical office building in a highly desirable area.

    Property Features for 262 Grant Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    1,652 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    CoGo Station: Grant ... Bike Sharing Station

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9897294
    Latitude
    39.9578226

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    FAQs

    What type of property is this?
    Specialty property - Prime location, 100% occupied, strong lease.
    Where is this specialty property located?
    The property is located at 262 Grant Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $547,500.
    Request Owner's contact information
    262 Grant Ave Columbus, OH 43215
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    Columbus, OH 43215
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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
    262 Grant Ave Columbus, OH 43215
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