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Grand Pacific Junction 8112 Columbia Rd 68,397 SF 98% Leased Retail Building Olmsted Falls, OH 44138 For Sale
Investment Highlights
- The largest ownership position in the Grand Pacific Junction district, offered for the first time
- Conveys together: the real estate, operating events business, three Ohio D-5/D-6 liquor licenses
- 97.5% occupied by a diverse retail, restaurant, event and office tenant base
- 26 structures, 19 parcels, about 68,397 SF on 6.22 acres
- Three event venues: a historic chapel, a historic banquet venue, and open-air gardens
- Within a designated Historic Area Conservation District; Grand Pacific Hotel on the National Register of Historic Places
Executive Summary
Grand Pacific Junction is the historic heart of Olmsted Falls, a walkable downtown assembled and restored building by building over more than three decades. For the first time, the defining collection of properties that anchors it comes to market as a single portfolio. It conveys as a going concern, a recognized destination with an operating events business already in place, so the next owner inherits a living, working district rather than a renovation project. It is the kind of place a community already considers its own, and one that cannot be reassembled. Details available to qualified parties under a CA.
Property Facts
Sale Type
Investment
Property Type
Building Size
68,397 SF
Year Built/Renovated
1850/2015
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
6.22 AC
Zoning
C-3, w/ Historic Overlay
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 20
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