London Groveport Rd Groveport, OH 43125
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 0 London Groveport Rd
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 3.16-acre commercial land parcel, located at the intersection of London Groveport Road and Alum Creek Drive in Columbus, Ohio (Parcel Number: 010-237812-00), presents a unique build-to-suit opportunity. Currently zoned commercial, this property is ideally situated within the thriving Rickenbacker Global Logistics Park, boasting over 80 million square feet of existing distribution space with potential for significant future expansion exceeding 100 million square feet. The site's strategic location offers unparalleled access to a substantial consumer base, with over 1,000 residents in the immediate community and 12,500 jobs within the logistics park itself. This translates to high demand and limited competition, particularly within the quick-service restaurant sector; there are no comparable establishments within a three-mile radius. The property's adjacency to the Life at Green Arbor multifamily complex, encompassing 376 multifamily units and 124 condos, further enhances its appeal and provides a built-in customer base. Recent retail additions to the area, including Sheetz and Chipotle, underscore the growing commercial activity in this dynamic location. The net lease asking price is $125,000 per year. This property is perfect for a hotel, warehouse, retail center, or other multi-use development. The potential for significant return on investment is undeniable, given the strong demand and limited competition in this rapidly expanding market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groveport
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9345
- Latitude
- 39.8301
