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    463 Town St Columbus, OH 43215

    Sponsored
    For Sale
    $2,500,000

    Columbus Restaurant - Sale/Leaseback

    Property size:
    4,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Columbus, Ohio restaurant presents a compelling investment opportunity. The 4,936 square foot, two-story building, situated on a 0.136-acre lot at 463 W Town Street, boasts a strong 7.14% cap rate and a substantial net operating income (NOI) of $150,000. Built in 1958 and extensively renovated in 2017, the property is currently operating under an NNN lease with a single tenant, a successful and internationally growing restaurant and brewery. The lease, commencing December 31, 2017, has 11.1 years remaining until December 31, 2035, with potential extension options. The asking price is $2,500,000, translating to $425.44 per square foot. Located in the vibrant Franklinton neighborhood, this property benefits from its proximity to numerous new and upcoming developments, ensuring continued growth and high tenant occupancy. This sale-leaseback arrangement offers a secure, long-term income stream with a proven, high-performing tenant. The property's prime location and the tenant's success make this an exceptional investment opportunity in a rapidly developing area of Columbus.

    Property Features for 463 Town St

    General Information

    Property type
    Restaurants
    Square Feet
    4,936 SF
    Lot Size
    5,924 SF

    Building Details

    Year Built/Renovated
    1958/2017
    Stories
    2
    Units
    1

    HighLights

    • 11‑Year Remaining Lease Term
    • Strong, long‑term tenant in place
    • Prime location in a rapidly developing downtown area
    Property Profile Location Intelligence

    Current Use by Public Records

    Matrix Media Services ... Advertising Agency BrewDog Franklinton Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center 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
    -83.0123702
    Latitude
    39.9572025

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    FAQs

    What type of property is this?
    Restaurant - Columbus Restaurant - Sale/Leaseback
    Where is this restaurant located?
    The property is located at 463 Town St Columbus, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 11-Year Remaining Lease Term; Strong, long-term tenant in place; Prime location in a rapidly developing downtown area
    Request Owner's contact information
    463 Town St 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
    463 Town St Columbus, OH 43215
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