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$550,000
Est. payment /mo
1,180 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 1,180 sqft
Price per Sqft $466
Subdivision Elmore
MLS Listing ID 226042326
Year Built 1970
Annual Tax Amount $7,728
Lot Size 0.260 Acres
Lot Dimensions 0.26
Property Sub-Type Restaurant
Source Columbus and Central Ohio Regional MLS
Property Description
Commercial investment opportunity on Cleveland Avenue with an existing tenant and scheduled rent increases through May 2029. This approximately 1,180-square-foot property sits on approximately 0.26 acres and previously operated as a restaurant. A new tenant has leased the space and plans to open a restaurant soon. Located along the Cleveland Avenue corridor served by COTA's CMAX rapid transit, the property is positioned in an area receiving public investment in sidewalks, lighting, and pedestrian infrastructure. Current monthly rent is $2,000, increasing to $2,500 on June 1, 2027, and $3,000 on June 1, 2028, with the lease continuing through May 31, 2029. Tenant is responsible for maintenance, and landlord is responsible for property taxes.
Location
State OH
County Franklin
Community Elmore
Area 0.26
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 130-006699
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Listed by Mohamed S Ahmed Red 1 Realty
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Emily Stephen
Central Ohio Expert License ID: 2020005787
Central Ohio Expert License ID: 2020005787