3841 Broadway Grove City, OH 43123-2206
- Office buildings
- 1,260 SF
- 0.16 lot acres
Current Use by Public Records
- Josh Sheppard - Red 1 Realty - Grove City Homes For Sale / Real Estate Agent
- Realty Executives Showcase / Real Estate Agency
Property Details for 3841 Broadway
- Year built
- 1900
- Lot size
- 0.16 lot acres
- Property size
- 1,260 SF
- Property type
- Office buildings
- APN
- 040-000844
- APU
- 40000844
Description
This unique 1,260 square foot special purpose building, situated on a 6,098.4 square foot lot at 3841 Broadway in Grove City, Ohio, presents a compelling investment opportunity. Built in 1900, the property boasts a rich history and offers significant potential for a variety of uses. The asking price is $290,000, translating to $230.16 per square foot. The entire 1,260 square feet is net rentable, maximizing your return on investment. Located in the desirable Franklin County, Ohio, with a 43123 zip code, this property benefits from its convenient location and accessibility. The building's age contributes to its unique character and charm, while its substantial lot size provides ample space for expansion or outdoor amenities. This property is ideal for an entrepreneur seeking a distinctive space or an investor looking for a solid return in a thriving Ohio community. The property's historical context and prime location combine to create a rare opportunity in the Grove City market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $195,000
- 6.5%
- $170,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $135,000
- Retail
- $155,000
- Mixed-Use
- $175,000
- Hospitality
- $165,000
- Educational
- $185,000
- Residential Income
- $175,000
- Energy
- $155,000
- Income-Based Land
- $155,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0908
- Latitude
- 39.8859
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA