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    FOR SALE
    Retail space

    1351 Parsons Ave, Columbus, OH 43206

    10,358 SF 0.54 ac lot Built 1935
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US66-1520040
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1935
    Total area 10,358 SF
    Lot 0.54 ac (23,653 SF)
    APN 010-022197
    UPID US66-1520040
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $757k
    Blend (final) Blend
    $555k
    Owner & transaction history
    Beacon Home Builders INC · 6 yrs held
    Beacon Home Builders INC
    since 2019
    3 recorded transactions
    2019
    $461,600
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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