Property profile

151 N Hamilton Rd Gahanna, OH 43230

FOR SALE
Turn key restaurants
Property ID
US66-1380916
5,884 SF 0.72 ac lot Built 1900
Entity Owned 25-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Gahanna, Ohio restaurant, Gatsby's Bar & Grill, presents a unique investment opportunity. The 5,884 square foot free-standing building sits on a 1.62-acre lot with a traffic light entrance on Hamilton Road. Established for 47 years, the property includes the real estate, business, furniture, fixtures, equipment, leasehold improvements, name, and intellectual property. The sale also includes a full Gahanna liquor license, lottery, keno, and pull tabs. The property boasts outstanding patios, two outdoor volleyball courts, and ample parking (72 spaces). With a current annual sales volume exceeding $1,537,000, this property offers potential for a new owner-operator, chain, regional, or themed operation, or significant redevelopment. Built in 1900 and renovated in 1981, the single-story building is zoned C4. Financial information is available to qualified buyers upon execution of a confidentiality agreement. The property has been 100% occupied since August 1, 2024. Additional outdoor recreational amenities, such as bocce ball or pickleball courts, may be feasible. APN: 025-008113-00. Asking price: $2,100,000 ($356.90/sq ft).

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction WOOD
Total area 5,884 SF
Lot 0.72 ac (31,320 SF)
APN 025-000282
UPID US66-1380916

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant
  • Take-out & Catering Butcher

Location

151 N Hamilton Rd Gahanna, OH 43230
Gahanna metro Census 7426 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
$646k
Blend (final) Blend
$375k

Owner & transaction history

since 2001
4 recorded transactions
2018
Price N/A
2001
$485,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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