880 Hamilton RdWhitehall, OH 43213

Property Details for 880 Hamilton Rd

Year built

1910

Lot size

8.33 AC

Property size (Sq ft)

88,969 SF

Property type

Retail properties

Property subtype

Community centers

APN

090-000052

APU

90000052

Description

Great Eastern Shopping Center, located at 880 S Hamilton Rd in Whitehall, Ohio (zip code 43213), offers exceptional retail opportunities. This Class A, 86,391 square foot neighborhood center boasts 13 suites and enjoys a prominent position at the busy intersection of S. Hamilton Road and E. Main Street, experiencing a combined traffic count exceeding 40,000 vehicles per day. The center benefits from excellent visibility and ample convenient parking. A significant advantage is its proximity to a Kroger grocery store, a major anchor drawing approximately 900,000 customers annually. Currently, there are two available spaces, with sizes ranging from a minimum of 4,425 square feet to a maximum contiguous space of 9,962 square feet. The total vacant space amounts to 14,387 square feet. Situated in Franklin County, this center represents a prime investment opportunity in a densely populated area of Columbus' east side. The property's high traffic location and strong anchor tenant make it an ideal location for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $22,765,552

  6.5%

  $21,014,356

  7%

  $19,513,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,971,844

  Geo Method

  $20,971,844

• Alternative Use

  Use

  Valuation

  Residential

  $17,726,394

  Hospitality

  $16,237,282

  Educational

  $13,509,228

  Medical

  $13,973,831

  Retail

  $21,014,356

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9567

Longitude

-82.8758

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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