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    1351 Parsons Ave Columbus, OH 43206

    Sponsored
    For Sale
    $1,390,000

    Prime location, high traffic, vacant.

    Property size:
    9,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1351 S Parsons Avenue in Columbus, Ohio, presents a unique investment opportunity. The 9,660 square foot building, formerly a Dollar Tree, sits on a 0.54-acre lot and boasts 34 parking spaces, a significant advantage in this high-traffic area. Built in 1935 and renovated in 1986, the property features a new roof (installed April 2022) and offers flexible space ideal for multiple users. The building is currently vacant and available for sale at $1,390,000. With a C-4 zoning designation, the property allows for a variety of commercial uses. The building's layout includes a 10x8 drive-in door and column spacing of 30' x 20'. The property benefits from approximately 17,694 vehicles passing daily on Parsons Avenue, providing excellent visibility and accessibility. The minimum divisible space is approximately 2,500 square feet, with potential for division into multiple units up to approximately 10,000 square feet. This location offers convenient access to major travel routes, making it an attractive option for businesses seeking high visibility and ample parking in a thriving South Columbus commercial corridor. The property's history as a successful retail location, combined with its versatile zoning and ample parking, makes it an ideal investment for a variety of commercial ventures. This is a NNN lease type property.

    Property Features for 1351 Parsons Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,660 SF
    Lot Size
    23,522 SF

    Building Details

    Year Built/Renovated
    1935/1986

    HighLights

    • 2,500 - 10,000 SF of available space.
    • 34 parking spaces.
    • 10' x 8' drive‑in door.
    • New roof installed April 2022.
    • 30' x 20' column spacing.
    • Commercially zoned C‑4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9839657
    Latitude
    39.9358478

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high traffic, vacant.
    Where is this individual retail property located?
    The property is located at 1351 Parsons Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: 2,500 - 10,000 SF of available space.; 34 parking spaces.; 10' x 8' drive-in door.
    Request Owner's contact information
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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
    1351 Parsons Ave Columbus, OH 43206
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