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    1009 Mount Vernon Ave Columbus, OH 43203

    Sponsored
    For Sale
    $550,000

    High-Traffic Retail Space, Excellent Investment

    Property size:
    7,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,638 square foot storefront property, located at 1009 Mount Vernon Avenue in Columbus, Ohio, presents a compelling investment opportunity. Currently occupied by Church's Chicken, this two-story building boasts a substantial net rentable area of 7,638 square feet, priced at $72.01 per square foot. The asking price is $550,000. Constructed in 1910, the building sits on a 5,227.2 square foot lot (APN: 010-042773) and offers significant potential for various uses. Its prime location minutes from downtown Columbus ensures high visibility and accessibility. The property's versatile layout, potentially adaptable into three retail or office bays with an upper apartment unit, provides investors with multiple options for maximizing returns. The property's classification as both Retail and Special Purpose reflects its adaptability and potential for diverse income streams. This is a rare chance to acquire a well-located, substantial commercial property in a thriving Columbus neighborhood. The property's size, location, and existing tenant provide a strong foundation for immediate income generation and long-term appreciation. Detailed financial information is available upon request.

    Property Features for 1009 Mount Vernon Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,638 SF

    Building Details

    Year Built
    1910
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9750645
    Latitude
    39.9716518

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    FAQs

    What type of property is this?
    Individual retail property - High-Traffic Retail Space, Excellent Investment
    Where is this individual retail property located?
    The property is located at 1009 Mount Vernon Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    Request Owner's contact information
    1009 Mount Vernon Ave Columbus, OH 43203
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    Columbus, OH 43203
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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
    1009 Mount Vernon Ave Columbus, OH 43203
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