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    Property profile & analytics
    OFF-MARKET Estimated value $10,710,000
    Grocery and convenience stores

    8870 Columbus Pike, Lewis Center, OH 43035-9115

    210,364 SF 34.55 ac lot Built 1991
    Entity Owned Free & Clear
    Property ID
    US66-3729543
    Property summary
    AI-generated overview

    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Lewis Center, Ohio. Located on the heavily trafficked US-23 (Columbus Pike), this fully entitled site boasts an existing site plan for a state-of-the-art car wash, featuring a 200-foot tunnel, 16 covered and 18 uncovered vacuum stalls, and two pay stations. The property benefits from its strategic location within a thriving retail corridor, sharing access with a high-performing Meijer supermarket that attracts nearly 2 million annual visitors. Nearby, a strong concentration of national retailers including Dollar Tree, McDonald's, Wendy's, Walmart, Chipotle, Popeyes, Arby's, Chase Bank, Bank of America, T-Mobile, Kohl's, Subway, Staples, Five Guys, Smoothie King, and Tim Hortons, further enhances the property's visibility and appeal. The site's exceptional location on US-23, a major north-south highway with approximately 30,000 vehicles per day, ensures high traffic counts and significant exposure. Moreover, the surrounding community demonstrates robust demographics, with a 5-mile radius population of 179,690 and an average household income of $159,304, projected to grow at an annual rate of 2.63% between 2024 and 2029. The property's proximity to downtown Columbus (approximately a 20-minute drive) adds to its desirability, given Columbus's status as a rapidly growing metro area with strong wage and population growth. This fully entitled car wash site offers significant redevelopment upside, while also presenting opportunities for other commercial uses, including banks, quick-service restaurants, and additional retail establishments. The asking price for this fee-simple ownership opportunity is $2,000,000. The property is zoned for commercial use.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1991
    Total area 210,364 SF
    Lot 34.55 ac (1,505,129 SF)
    APN 318-324-02-003-007
    UPID US66-3729543
    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
    • Meijer Specialty Food Shop Supermarket
    • U.S. Bank ATM - North 23 Meijer Atm
    • Meijer Pharmacy Pharmacy
    • Coinstar Bank Credit Union
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $12.58M
    Comparable Approach Comparable
    $12.23M
    Blend (final) Blend
    $10.71M
    Owner & transaction history
    MEIJER
    MEIJER
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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