1354 Grandview AveColumbus, OH 43212

Property Details for 1354 Grandview Ave

Year built

1956

Lot size

0.29 AC

Property size (Sq ft)

1,290 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

010-062546

APU

10062546

Description

This Columbus, Ohio restaurant presents a compelling investment opportunity. Located at 1354 Grandview Ave, 43212, this 1,290 square foot building sits on a 0.3-acre lot and boasts a prime corner location with high visibility at a signaled intersection. Built in 1956, the property is zoned C-Commercial, allowing for diverse uses. Currently operating as a fast-food restaurant, the property offers multiple curb cuts on both Grandview and Third Avenues, maximizing accessibility. The asking price is $2,550,000, translating to $1,976.74 per square foot. The surrounding area offers a blend of modern amenities and historic charm, including nearby dining, shopping, and green spaces. Convenient access to major highways and public transportation further enhances its appeal. This property is ideal for investors seeking a high-profile asset in a dynamic commercial environment within walking distance of the Columbus Museum of Art and the Arena District. The property's strong location and flexible zoning make it a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $363,992

  6.5%

  $335,992

  7%

  $311,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,080

  Geo Method

  $304,080

• Alternative Use

  Use

  Valuation

  Residential

  $283,422

  Hospitality

  $259,613

  Educational

  $215,995

  Medical

  $223,423

  Retail

  $335,992

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9854

Longitude

-83.0445

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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