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Property profile & analytics
OFF-MARKET
Drive through restaurants

406 Granville St Gahanna, OH 43230-2947

1,996 SF 0.49 ac lot Built 1970
Individually Owned 18-yr Hold Free & Clear
Property ID
US66-0769073
Property summary
AI-generated overview

This vacant, net-leased convenience store presents a compelling investment opportunity in Gahanna, Ohio. The 1,736 square foot building sits on a 0.49-acre lot at 406 Granville St, Columbus, OH 43230, boasting a prime location next to a thriving, fully-leased shopping center. Built in 1970, this property benefits from exceptional visibility and high traffic counts, averaging 27,296 vehicles daily (2023 data). Its convenient location offers easy access to I-270, and is a short 10-minute drive from John Glenn International Airport and the Easton Shopping Center, ensuring strong potential for future tenant occupancy and return on investment. The asking price is $1,200,000. This single-tenant property is currently vacant, offering a blank canvas for a new lease and the potential for significant rental income. The property's size and location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a well-situated retail property in a high-growth area. The net lease structure minimizes management responsibilities for the investor. Don't miss this chance to capitalize on this strong investment opportunity.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1970
Total area 1,996 SF
Lot 0.49 ac (21,475 SF)
APN 025-000288
UPID US66-0769073
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
Current use
Occupant on record · Public records
  • Firehouse Subs South Gahanna Take-out & Catering Catering Service
  • Gaines and Sloan Law Firm
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
First Service FCU · 18 yrs held
First Service FCU
since 2007
Last sale
$1.1M
4 recorded transactions
2007
$1.3M
2004
Price N/A
2003
$640,000
1997
$254,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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