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Property profile & analytics
FOR LEASE
Turn key restaurants

1691 E Dublin Granville Rd Columbus, OH 43229

9,008 SF 3.54 ac lot Built 1993
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-5634324
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Construction WOOD
Total area 9,008 SF
Lot 3.54 ac (154,159 SF)
APN 010-143721
UPID US66-5634324
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
Current use
Occupant on record · Public records
  • Gmri Inc Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$755k
Owner & transaction history
Zomi Christian Church · 1 yrs held
Zomi Christian Church
since 2025
Last sale
$750,000
7 recorded transactions
2025
$750,000
2022
$3.0M
2017
$2.9M
2015
$2.3M
2014
$2.1M
2014
$1.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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