592 Newark Granville Rd Granville, OH 43023-1436
This 871 square foot special purpose property, located at 592 Newark Granville Road in Granville, Ohio, is currently listed at $250,000 ($287.03/sq ft). Built in 1987, the property is ideally situated across from the Denison Golf Course. Currently leased to a dentist until May 29, 2026, this presents a strong investment opportunity with a stable tenant. The lease agreement stipulates that the tenant is responsible for all utilities, while the owner covers real estate taxes and condo fees. A monthly condo owner association (COA) fee of $178.12 is also associated with the property. The unit includes handicap access, ensuring compliance with accessibility standards. There is no on-site real estate signage. The property's lot size is not specified. This turnkey investment offers a blend of stable income and a desirable location in the Village of Granville, Ohio, zip code 43023. The net rentable square footage is 871 square feet, matching the total square footage. This presents a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving community. Serious inquiries only.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.