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    3939 Hoover Rd Grove City, OH 43123

    For Lease
    $16 SF/Yr

    Prime retail space, move-in ready.

    Lot size:
    45,746 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Eastgrove Shopping Center offers a 2,400 square foot retail space, Suite 3959, located at 3949-3971 Hoover Rd, Grove City, OH 43123. This fully built-out space is ideal for a variety of retail uses and is situated within a well-established shopping center anchored by Big Lots, ensuring high foot traffic and visibility. The center boasts a total of 45,746 square feet across 11 suites, with 2,800 square feet currently vacant. Built in 1964 and renovated in 2023, the single-story building features 258 parking spaces and is conveniently located at the intersection of Stringtown and Hoover Roads in the Grove City submarket of Franklin County. The space is available for a 3-5 year lease at a triple net rate of $16.00 per square foot per year. The property is zoned for retail use and benefits from a Walk Score of 72, indicating high walkability. The center's strong tenant mix, including Aldi and Planet Fitness, further enhances its appeal and provides a vibrant retail environment. This location offers easy access to major highways and is surrounded by residential areas, ensuring a steady stream of potential customers. Parcel ID is available upon request. This is a remarkable opportunity to establish or expand a business in a thriving Grove City community.

    Property Features for 3939 Hoover Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,746 SF
    Total Rate
    60994.67

    Building Details

    Year Built/Renovated
    1964/2023
    Stories
    1

    Unit(s) available at that property

    Space
    3959
    Size
    2,400 SF
    Rate per SF
    $16

    HighLights

    • 2,400 SF retail space available in a well‑established Grove City shopping center.
    • Big Lots‑anchored center with strong tenant mix and high foot traffic.
    • Move‑in ready suite, fully built‑out.
    • $16.00/SF/YR Triple Net lease rate; 3‑5 year lease term.
    • Excellent location with high visibility and walkability (Walk Score of 72).
    Property Profile Location Intelligence

    Current Use by Public Records

    CHINA WOK Chinese Restaurant

    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
    Grove City
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0697777
    Latitude
    39.8821558

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    FAQs

    What type of property is this?
    Lifestyle center - Prime retail space, move-in ready.
    Where is this lifestyle center located?
    The property is located at 3939 Hoover Rd Grove City, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 2,400 SF retail space available in a well-established Grove City shopping center.; Big Lots-anchored center with strong tenant mix and high foot traffic.; Move-in ready suite, fully built-out.
    Request Owner's contact information
    3939 Hoover Rd Grove City, OH 43123
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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
    3939 Hoover Rd Grove City, OH 43123
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