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Property profile & analytics
FOR SALE
Turn key restaurants

6251 S High St Lockbourne, OH 43137

0.13 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US66-1772158
Property summary
AI-generated overview

This exceptional 1,943 sq ft restaurant, built in 1957, is situated on a 1.52-acre lot at the signalized intersection of S High Street and SR 665 in Lockbourne, Ohio (zip code 43137). Boasting approximately 160 feet of frontage along bustling South High Street (SR 23), this property benefits from high daily traffic counts of around 36,551 vehicles. The single-story building sits on a parcel with APN numbers 150-001169, 150-001170, and 150-001171, and is zoned Community Commercial (CC). Located roughly 12 miles south of downtown Columbus, this location presents a unique investment opportunity within a designated Tax Incentive Opportunity Zone. The asking price is $700,000, translating to $360.27 per square foot. Its prime location makes it suitable for a variety of uses, including fast food or fast-casual restaurants, gas stations, and motels. This property offers significant potential for growth and return on investment. The property consists of one building.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.13 ac (5,619 SF)
APN 150-001171
UPID US66-1772158
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
THOMAS A LOMBARDI
THOMAS A LOMBARDI
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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