Zanesville Grocery Store
2200 June Parkway, Zanesville, OH 43701
Grocery store in Zanesville, Ohio, near major employers and attractions.
Type:Retail
Property size:
54,308 SFPrice / SF:
$125/SF- Added:
- Sep 5, 2024
- Days on Market:
- 635
- Last Refresh:
- May 12 at 9:59 pm
Property Features for 2200 June Parkway
General Information
- Standard status
- Active
- Size
- 54,308 SF
- Property subtype
- Retail
Listing agent Dan Cooper License #OH 009003618
Listing office Cooper Commercial Investment Group
Listing date Sep 5, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Cooper Commercial Investment Group
HighLights
- Located in Zanesville, a thriving community with a strong economic base.
- Proximity to major employers, including Genesis Hospital and Dollar General.
- Close to educational institutions like Muskingum University and Zane State College.
- Zanesville is a destination point for employers and attractions.
- Located within 52 miles of Columbus, benefiting from the resources and population density.
- Access to a large workforce pool in the Columbus area.
Overview
Located in Zanesville, the county seat of Muskingum County, this property benefits from the area's attractions and treasures. Zanesville is located 52 miles east of Columbus. The city has a diverse workforce with major employers in health care, education, manufacturing, and retail sales. Genesis Hospital, part of the Genesis Healthcare System, employs over 4,000 system-wide, including 300+ physicians, with the 260-bed hospital employing 2,800. Manufacturing sector employers include Halliburton (560+ employees), Bimbo Bakery (450 employees), and Owens-Illinois, Inc. (400+ employees). Dollar General (approximately 950 employees) and AutoZone (650 employees) have major distribution centers in the region. The county government employs 940. Spectrum has an inbound call center employing 560+ people, and Shelly & Sands employs 500. Muskingum University in nearby New Concord has 2,600 students and 450 employees, while Zane State College, 4.8 miles north, has 3,444 students and over 240 employees. Ohio University Zanesville Campus has 1,000 students and 120 employees. The Conference & Welcome Center offers exhibit and banquet halls, an executive boardroom, a conference and training room, and a presentation theatre. Zanesville Museum of Art, Y Bridge Cultural Arts Center, and Zanesville Pottery are also attractions. The property is part of the Columbus MSA, with a population of 2.51 million.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $599.6k | $11.04 |
| − Vacancy | −$24.0k | −$0.44 |
| EGI | $575.6k | $10.60 |
| − OpEx | −$143.9k | −$2.65 |
| NOI | $431.7k | $7.95 |
54,308 SF · lease $11.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$6.17M
$5.40M – $7.19M
NOI $431,683 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$5.03M
$4.40M – $5.87M
NOI $352,177 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$11.79M
$10.31M – $13.75M
NOI $825,099 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
MoneyGram
Bank
State Liquor Agency
(Bike/Boat/Book/etc) Store
Riesbecks
Specialty Food Shop
Riesbeck's Pharmacy
Pharmacy
Diane Fordyce
Pharmacy
Similar Places Nearby
- Riesbecks — 2200 June Parkway, Zanesville, OH 43701
- Campbell's Foodland — 3 S Maysville Ave, Zanesville, OH 43701
Location Insight
- Map
- Local Demand
- City
- Zanesville
- County
- Muskingum
- State
- Ohio
- Longitude
- -82.0155961
- Latitude
- 39.9083658
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Grocery store in Zanesville, Ohio, near major employers and attractions.
Where is this grocery and convenience store located?
The property is located at 2200 June Parkway Zanesville, OH.
What is the asking price?
The asking price for this property is $6,790,000.
What are key features of this property?
This property features: Located in Zanesville, a thriving community with a strong economic base.; Proximity to major employers, including Genesis Hospital and Dollar General.; Close to educational institutions like Muskingum University and Zane State College.
