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Property profile & analytics
OFF-MARKET Estimated value $780,000
Investment properties

3989 Broadway Grove City, OH 43123-2639

8,200 SF 0.13 ac lot Built 1913
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US66-6281186
Property summary
AI-generated overview

This exceptional 1,415 square foot retail space, located at 3989 Broadway in the heart of historic downtown Grove City, Ohio, presents a unique investment opportunity. Built in 1913 and renovated in 2015, this single-tenant property boasts a charming character ideal for a cafe, restaurant, or coffee shop. Situated at the intersection of Broadway and Columbus Street, within the Southwest submarket cluster, the property benefits from high foot traffic generated by nearby businesses and residents, as well as abundant public parking. The two-story building offers excellent visibility and accessibility, making it an attractive location for a variety of food and beverage concepts. Its central location provides convenient access to major roadways including I-270, I-71, Route 665, and Stringtown Road, ensuring easy commutes for both employees and customers. The surrounding area features a mix of retail establishments, restaurants, and residential properties, creating a vibrant and thriving community. This property is ready for immediate occupancy and presents a compelling opportunity to establish a successful business in a desirable location. The property's zip code is 43123.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1913
Construction WOOD
Total area 8,200 SF
Lot 0.13 ac (5,663 SF)
APN 040-000170
UPID US66-6281186
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$770k
Blend (final) Blend
$780k
Owner & transaction history
Mkob Properties LLC · 12 yrs held
Mkob Properties LLC
since 2014
5 recorded transactions
2021
Price N/A
2020
Price N/A
2014
$180,000
2006
$160,000
2005
$21,600
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.2M +49.8%
Office building $1.2M +49.1%
Apartment house (5+ units) $1.2M +44.4%
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