1660-1664 W 1st Avenue

Columbus, Ohio has a very diverse and growing economy. Some of the industries that are contributing to this growth include technology companies like Intel, Google, Facebook, Microsoft and others, Logistics, Manufacturing (Honda), Banking and Finance, Insurance, Healthcare and Government (State Capital). This retail center is located in the very popular and densely populated Grandview Heights, which is a restaurant and entertainment destination. Located just a couple of blocks off Grandview Ave, one of the main entertainment filled streets, this infill site is almost irreplaceable and the asking price is significantly below replacement cost and the average sale price of comparable property sales. Due to the extremely high demand for retail space in Grandview Heights, Retail vacancy is only 3%. The center has been 100% occupied since 2013. Latavola has been a tenant since 2013, Starlite since 2013, Escape it since 2015, and Resolve since 2022, and tenants recently renewed. The owner discounted rents to encourage the tenants to invest their own funds in their improvements. The result is a stable tenant base with tenant investment that they are unlikely to want to leave and below market rents.Fully Leased 9,525 SF Retail Center Situated in the Heart of Grandview Heights (Hottest Community in Columbus, Ohio) upside from below market rents and priced 20% below market average sales price. Opportunity to self manage for increased return. Tenants paid for their own improvements and building has a new roof and parking lot, and tenants recently renewed. This infill site is almost irreplaceable and the asking price is significantly below replacement cost.