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    6251 High St Lockbourne, OH 43137

    Sponsored
    For Sale
    $700,000

    Prime 1.52-acre restaurant location

    Property size:
    1,943 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,943 sq ft restaurant, built in 1957, is situated on a 1.52-acre lot at the signalized intersection of S High Street and SR 665 in Lockbourne, Ohio (zip code 43137). Boasting approximately 160 feet of frontage along bustling South High Street (SR 23), this property benefits from high daily traffic counts of around 36,551 vehicles. The single-story building sits on a parcel with APN numbers 150-001169, 150-001170, and 150-001171, and is zoned Community Commercial (CC). Located roughly 12 miles south of downtown Columbus, this location presents a unique investment opportunity within a designated Tax Incentive Opportunity Zone. The asking price is $700,000, translating to $360.27 per square foot. Its prime location makes it suitable for a variety of uses, including fast food or fast-casual restaurants, gas stations, and motels. This property offers significant potential for growth and return on investment. The property consists of one building.

    Property Features for 6251 High St

    General Information

    Property type
    Restaurants
    Square Feet
    1,943 SF

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    1

    HighLights

    • 1,943 SF restaurant building on a 1.52‑acre lot.
    • Community Commercial zoning in a Tax Incentive Opportunity Zone.
    • High‑traffic location at the signalized intersection of S High St & SR 665, with ±160' of frontage on S High St (SR 23).
    • High daily traffic counts (approx. 36,551 vehicles).
    • Suitable for various uses, including fast food, gas stations, and motels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Dental Office Food Market Pharmacy Kitchen & Bath Auto Repair Shop HVAC Service Garden Center Plumbing Service Pet Supply Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockbourne
    County
    Franklin
    State
    Ohio
    Longitude
    -83.00036267
    Latitude
    39.83282336

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Restaurant - Prime 1.52-acre restaurant location
    Where is this restaurant located?
    The property is located at 6251 High St Lockbourne, OH.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1,943 SF restaurant building on a 1.52-acre lot.; Community Commercial zoning in a Tax Incentive Opportunity Zone.; High-traffic location at the signalized intersection of S High St & SR 665, with ±160' of frontage on S High St (SR 23).
    Request Owner's contact information
    6251 High St Lockbourne, OH 43137
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    Lockbourne, OH 43137
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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
    6251 High St Lockbourne, OH 43137
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