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Property profile & analytics
FOR SALE
Commercial land

Broadway Grove City, OH 43123

19,132 SF 1.7 ac lot Built 1996
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-4496835
Property summary
AI-generated overview

This exceptional 1.68-acre commercial lot in Grove City's desirable submarket presents a unique investment opportunity. Boasting excellent visibility and convenient access from I-270, this property enjoys high traffic counts exceeding 23,000 vehicles daily. Its prime location makes it ideal for a diverse range of commercial developments, including medical facilities, hotels, daycare centers, banks or credit unions, hardware or building materials stores, multifamily housing, or assisted living facilities. The property is identified by APN 040-015109 within Franklin County. This single-tenant site offers flexibility with options for purchase, ground lease, or a built-to-suit development. A significant advantage is the availability of a 100% 15-year tax abatement, substantially reducing initial investment costs and operational expenses. This presents a compelling opportunity for developers seeking a high-traffic location with substantial tax benefits in a thriving commercial area. The property is zoned for commercial use and is ready for immediate development. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1996
Total area 19,132 SF
Lot 1.7 ac (74,183 SF)
APN 040-015109
UPID US66-4496835
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
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$741k
Blend (final) Blend
$1.10M
Owner & transaction history
Cookies Investments LLC · 1 yrs held
Cookies Investments LLC
since 2024
Last sale
$1.1M
2 recorded transactions
2024
$1.1M
2021
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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