Technical
Financial
Distress signals
Property profile

3586 Broadway Grove City, OH 43123

OFF-MARKET
Gas stations
Property ID
US66-1998118
2,552 SF 0.59 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,552-square-foot freestanding retail building presents a unique investment opportunity in Grove City, Ohio. Situated on a 0.59-acre lot at the high-traffic intersection of Broadway and Southwest Boulevard, this property boasts a prime corner location less than a mile from downtown Grove City. The building, constructed in 1960, is classified as Class C and features 15 parking spaces. With over 21,000 vehicles passing daily on Broadway, this location offers unparalleled visibility and accessibility. The property's C-2 zoning allows for a variety of commercial uses, making it ideal for retail or restaurant establishments. Its strategic location provides easy access to major roadways including I-270, I-71, Rt-665, and Stringtown Road, ensuring convenient access for customers and employees. A ground lease is available. The surrounding area is densely populated with a mix of retail businesses, restaurants, and residential properties, creating a thriving commercial environment. The property's APN is 040-003032. This is a single-tenant building with the entire 2,552 square feet currently vacant.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1960
Construction WOOD
Total area 2,552 SF
Lot 0.59 ac (25,744 SF)
APN 040-003032
UPID US66-1998118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3586 Broadway Grove City, OH 43123-2239
Grove City metro Census 9711 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
$435k
Blend (final) Blend
$625k

Owner & transaction history

since 2022
Last sale
$600,000
3 recorded transactions
2022
$600,000
2021
Price N/A
2021
$385,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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