Chestnut Hill Shopping Center — Sale in Columbus, OH

  • Price: $2M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Columbus, OH 43230
  • Size: 9,956 SF

Photos

Chestnut Hill Shopping Center — Sale in Columbus, OH, photo 1 of 2
Chestnut Hill Shopping Center — Sale in Columbus, OH, photo 2 of 2

Investment Figures

Price per square foot
$201

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Property Highlights • Surrounded by High Volume Grocery Stores (Meijer, Giant Eagle, Kroger) • Two new tenants signed recently (Honeygrow and Einstein Brothers) • Very accessible at the lighted intersection just west of Morse and Hamilton • Attractive demographics – 182,000 people within 5 miles and 810,000 people within a 10 minute drive, average household income over $100,000 within a 3 and 5 mile radius • Chestnut Hill is located at the southeast edge of New Albany, bridging the submarket to Downtown Columbus, the airport and other popular Columbus destinations • New Albany is now home to Amazon and Google data centers, and to the Intel Project, scheduled to open in 2031 and expected to bring 3,000 high-paying jobs to the area • Asset is on a long term ground lease

Market Context

This retail in Columbus, OH is listed for sale at $2,000,000 across 9,956 SF. Compare it against other retail listings for sale in Columbus, OH — view the full market.

As of Q1 2026, the Columbus retail market showed a 3.3% vacancy rate, average asking rents near $20.87/SF/yr, rents up 5.4% year over year, and cap rates around 8.3%. Source: Matthews Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Columbus?
About 8.3% as of Q1 2026, per Matthews.
Is the Columbus retail market tightening or softening?
Vacancy is around 3.3%, with asking rents rising year over year (Q1 2026).

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