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Property profile & analytics
FOR SALE
Turn key restaurants

1947 Stringtown Rd Grove City, OH 43123

10,701 SF 2.04 ac lot Built 1968
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-0212024
1947 Stringtown Rd, Grove City, OH 43123 For Sale
$865,000 10,701 SF
1947 Stringtown Rd, Grove City, OH 43123
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Property summary
AI-generated overview

This exceptional 2.036-acre commercial land parcel presents a unique opportunity for businesses seeking a strategic location in Grove City, Ohio. Situated at 1947 Stringtown Rd, with convenient access to Gantz Road, this single-tenancy property offers significant potential for development. The property is designated as commercial land and is currently available for lease. The lot size provides ample space for a variety of commercial ventures, allowing for substantial building footprint or ample outdoor space depending on the intended use. The property's location within Franklin County ensures easy access to major transportation routes, enhancing its appeal to businesses requiring convenient logistics. This is an ideal opportunity for companies looking to establish a strong presence in a thriving Ohio market. The property's zoning and permitted uses should be independently verified by prospective tenants. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a prime commercial location in a rapidly growing area. The property is located in the 43123 zip code.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 10,701 SF
Lot 2.04 ac (88,688 SF)
APN 040-013252
UPID US66-0212024
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
  • FedEx Drop Box Postal Service Courier Service
  • UPS dropbox Courier Service Postal Service
  • Gary's Hole In One Bar & Pub Nightclub
  • China Bell Restaurant Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$851k
Blend (final) Blend
$865k
Owner & transaction history
A & M Shyu INC
A & M Shyu INC
3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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