173 Olentangy St Powell, OH 43065-8718
Exceptional redevelopment opportunity in Powell, Ohio's vibrant Downtown Business District. This 1.248-acre lot, featuring a 1,501 square foot existing building constructed in 1910, boasts a prime location on W Olentangy Street, experiencing high daily traffic volume of 14,550 cars. The DB zoning allows for diverse uses, including multi-family residential, retail, daycare, or medical office space. The property's strategic location offers easy access to Downtown Powell, Wedgewood Golf & Country Club, Safari Golf Club, and the Columbus Zoo & Aquarium. Surrounding properties include a mix of residential, retail, office, and industrial uses, creating a dynamic and thriving neighborhood. The two-story building sits on a sizable lot, presenting a significant land value of $681,089.74 per acre. This property presents a unique chance to capitalize on Powell's growth and create a valuable asset in a highly desirable location. The asking price is $850,000. APN: 319-432-02-003-000.
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.