1584-1586 Pearl St Columbus, OH 43207
- Retail properties
- 6,476 SF
- 0.24 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1584-1586 Pearl St
- Year built
- 1920
- Lot size
- 0.24 lot acres
- Property size
- 6,476 SF
- Property type
- Retail properties
Description
This Columbus, Ohio retail property at 1584-1586 S. High St & 1591 S Pearl St offers a compelling investment opportunity. The 6,476 square foot, two-story brick building, built in 1920, sits on a 0.24-acre lot and boasts 100% occupancy with a gross lease in place for five more years. The property features a ±2,662 square foot restaurant space on the first floor and a ±2,510 square foot apartment on the second floor. A separate two-bedroom, one-bathroom single-family residence is located on the rear of the parcel. The restaurant includes a patio, two distinct dining areas, and a fully equipped kitchen. This prime corner location in Merion Village offers exceptional visibility and convenient access to major roadways including I-71, I-70, and SR-104, with approximately 122,973 vehicles passing daily on South High Street. The asking price is $925,000, representing a 7.20% capitalization rate. This property presents an ideal redevelopment or investment opportunity, minutes from German Village and downtown Columbus. The former Geordie's English Pub location is ready for a new tenant or owner-operator. The property's strong location and existing income stream make it an attractive addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9952
- Latitude
- 39.9297
