$1 Auction - REIT Sale | Former Wendy's 4595 E Main St 2,613 SF Retail Building Whitehall, OH 43213 $75,000 ($28.70/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located within the Columbus MSA at 4595 E Main Street in Whitehall, Ohio 43213 (the “Property”). Formerly occupied by Wendy’s, the Property is offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a flexible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!
Constructed in 1983, the Property consists of a ±2,613 SF single-story building situated on a ±0.5765-acre parcel (±25,112 SF) and features a concrete surface parking lot with 32 on-site parking spaces. The site is positioned at the signalized southeast corner of E Main Street and S Hamilton Road and offers three points of ingress and egress, with ±132 feet of frontage along E Main Street, a primary area thoroughfare carrying over 19k vehicles per day (VPD), and ±150 feet of frontage along S Hamilton Road (±22,398 VPD). The Property’s location along a highly trafficked, daily-needs retail corridor provides excellent visibility, strong traffic exposure, and convenient access throughout the greater Columbus metropolitan area. Previously leased to Wendy’s on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates from $16-20 per SF NNN. Zoned CCD (Community Crossroads District), the Property can accommodate a wide range of retail, service, and community-oriented uses, further enhancing its flexibility, re-tenanting potential, and long-term investment appeal.
The Property is located in Whitehall, within the Columbus MSA, just ±15-min from Downtown Columbus and ±10-min from John Glenn Columbus International Airport (CMH). The site benefits from strong regional connectivity via I-270 (±24,028 VPD), I-70 (±86,672 VPD), and US-40 (E Main Street), which link Whitehall to Columbus’s core employment districts and provide efficient access throughout the metropolitan area and broader Central Ohio region. E Main Street functions as a primary east–west arterial corridor, supporting steady daily commuter traffic and providing direct access to surrounding residential neighborhoods, retail corridors, and employment centers. The former Wendy’s occupies a highly visible infill location adjacent to Walgreens that serves both neighborhood residents and daily commuter traffic within an established corridor complemented by dense residential development, with nearly 20,000 residents within the immediate ±1-mi area. The area is supported by a concentration of retailers including Kroger, Roses, CVS, Concerta, and a variety of QSR users such as Church’s Chicken, Del Taco, and Long John Silver’s, driving consistent cross-traffic. The Property benefits from proximity to major employment anchors throughout East Columbus and Whitehall, including logistics, manufacturing, healthcare, and government users, as well as the broader Columbus employment base that contributes to consistent daytime population and consumer activity. The Property serves a robust residential base within Whitehall and East Columbus, supported by established neighborhoods and stable household demand, with over 110,000 residents within a ±3-mi radius and ±261,941 residents within a ±5-mi radius, featuring an average household income (AHHI) above $85,000. Whitehall’s proximity to Downtown Columbus, CMH Airport, and the region’s primary transportation corridors reinforces the Property’s long-term viability as a neighborhood-serving retail location with solid fundamentals.