Large Parcel, Signalized Intersection Redevelopment… — Sale in Columbus, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Columbus, OH 43213

Photos

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Description

Marcus & Millichap is pleased to present the offering for a large parcel, signalized intersection redevelopment opportunity in Columbus, Ohio. Investment Highlights: • SINGLE TENANT RETAIL PROPERTY: 7,500-Square-Foot Former Restaurant and Bakery on a Large 1.82 Acre Lot. Zoned for a Variety of Commercial and Retail Redevelopments. • LARGE PARKING LOT: Fully Lit Parking Area with 150 Surface Parking Spaces, Lighted Pylon Sign and Port a Cochere. • HARD, SIGNALIZED CORNER LOCATION: Located Along Busy East Main Street with Two Points of Ingress and Egress for Easy Access from All Traffic Directions. • STRONG TRAFFIC LOCATION: Located Just Off of Interstate 270/Columbus Outerbelt, Seeing Over 115,000 Vehicles per Day (VPD). E. Main Street Sees Over 19,000 Vehicles per Day. The Intersection Provides Easy Crosswalk Access and City Bus Stops Adjacent to the Property. • DENSE RETAIL AND RESIDENTIAL CORRIDOR: E Main Street is a Major Transit Link Connecting the Reynoldsburg Suburb Through Whitehall and Bexley into Downtown Columbus,Jjust Five Miles from the Property. • PROXIMITY TO MAJOR TRAFFIC DRIVERS: The Property is Eight Miles from Columbus John Glenn International Airport which Sees Over Nine Million Annual Passengers and 15 Miles from Ohio State University with Over 60,000 Students. • STRONG AND GROWING DEMOGRAPHICS: The Population Exceeds 247,800 within Five-Miles of the Property and is Projected to Increase by 2030. • CORPORATE AND GOVERNMENT PRESENCE: Columbus is the State Capital and a National Transportation Hub, Home to Five Fortune 500 Companies. The Region has also Emerged as a Major Data Center Hub for Tech Giants Including Meta,Google and Amazon.

Market Context

This retail in Columbus, OH is listed for sale. 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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