1351 Parsons Ave, Columbus, OH 43206
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.