1691 E Dublin Granville Rd Columbus, OH 43229
For Lease
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This Columbus, Ohio property, a former Red Lobster restaurant, presents a unique redevelopment opportunity. Located at 1691 E Dublin Granville Rd, 43229, this 9,008 square foot building sits on a spacious 3.68-acre lot with 100 parking spaces. The property is vacant and being sold AS IS. While the electrical and HVAC wiring has been removed, and some plumbing and fixtures are missing, the metal roof is less than five years old. The kitchen, bar equipment, booths, and benches remain intact. Zoned for commercial use, this single-story building offers versatile potential. Possible uses include, but are not limited to, restaurant, bar, church, daycare, car lot, or storage facility. The property's large lot size allows for multiple business uses within one location. This distressed sale is priced at $1,050,000 ($116.56/sq ft) and offers significant upside potential, considering its previous sale price of $2,984,000 in 2022. The property's APN is 010-143721-00. The building has been vacant since November 2023. No loading docks are present.
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Gmri Inc Restaurant
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.