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    Property profile & analytics
    OFF-MARKET Estimated value $735,000
    Drive through restaurants

    2081 Morse Rd, Columbus, OH 43229-6668

    1,961 SF 0.62 ac lot Built 1991
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US66-2619875
    Property summary
    AI-generated overview

    This exceptional 2,537 square foot retail property, located at 2081 Morse Road in Columbus, Ohio, presents a unique investment opportunity. Situated on a 0.63-acre lot in the Northeast Columbus submarket of Franklin County, this former fast-food restaurant boasts a highly desirable drive-thru and ample parking. Built in 1991, the entire building (2,537 square feet) is currently vacant, offering a blank canvas for a new tenant or a complete redevelopment. The property benefits from its location on Morse Road, a major east-west thoroughfare in Columbus, ensuring high visibility and significant traffic exposure. Over 34,000 vehicles pass by daily, providing excellent potential for customer reach. The surrounding area is a dense retail hub, anchored by established businesses such as Kroger, Rose's Discount Store, and Aldi, creating a strong commercial environment and attracting a substantial customer base. This location offers immediate access to a high-traffic area with a proven track record of retail success, making it an ideal site for a variety of fast-food or quick-service restaurant concepts. The property's existing infrastructure, including the drive-thru, significantly reduces the initial investment required for a new business. This is a rare opportunity to acquire a well-positioned retail property in a thriving Columbus commercial corridor. The 43229 zip code ensures easy access to a large and diverse population.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1991
    Total area 1,961 SF
    Lot 0.62 ac (27,181 SF)
    APN 010-150340
    UPID US66-2619875
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $725k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $719k
    Blend (final) Blend
    $735k
    Owner & transaction history
    Ampex Brands Of Columbus LLC · 2 yrs held
    Ampex Brands Of Columbus LLC
    since 2023
    Last sale
    $738,900
    4 recorded transactions
    2023
    2023
    $738,900
    2021
    2017
    $938,300
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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