Technical
Financial
Distress signals
Property profile

860 Long St Columbus, OH 43203

OFF-MARKET
Grocery and convenience stores
Property ID
US66-1272717
1,206 SF 0.12 ac lot Built 1951
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional special-purpose property, located at 860 E Long Street in Columbus, Ohio, presents a unique investment opportunity. Boasting 1,206 square feet of rentable space on a 5,227.2 square foot lot, this property offers significant potential. Built in 1951, the building features a recently installed roof, a considerable asset for any prospective owner. The property's strategic location within a rapidly developing neighborhood offers immediate access to a large parking lot, enhancing its appeal and functionality. Its proximity to Columbus State and the downtown area provides exceptional visibility and accessibility to a diverse customer base. The asking price is $480,000, translating to $398.01 per square foot. This represents a compelling value proposition given the property's features, location, and the ongoing revitalization of the surrounding area. The property's special purpose designation allows for a wide range of potential uses, making it an ideal investment for entrepreneurs and developers seeking a foothold in a thriving Columbus neighborhood. The combination of a strong location, recent improvements, and attractive pricing makes this an opportunity not to be missed. The zip code is 43203, and the property is situated in Franklin County.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1951
Total area 1,206 SF
Lot 0.12 ac (5,358 SF)
APN 010-010853
UPID US66-1272717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

860 Long St Columbus, OH 43203-1852
Columbus metro Census 3600 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
7 recorded transactions
2017
$65,000
2008
Price N/A
2008
Price N/A
2007
Price N/A
1998
$23,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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