Alpha Partners, a commercial real estate company that develops, invests and operates multifamily and select retail opportunities, will redevelop a 4.9-acre lot on Stringtown Road, the first major entry point into the south side of Columbus, Ohio.
Part of the main retail corridor for Grove City, Ohio, 1849 Stringtown Road is a high-visibility location with easy access to Interstate-71. The site is ready for a small strip center and will potentially include a drive-through QSR and/or restaurant. Additionally, the Days Inn located in the rear of the parcel will be rehabilitated from the inside out.
“Perhaps not the kind of property typically viewed as hip or cutting-edge, we see this area on Stringtown Road as a ‘Welcome Mat’ into Columbus with a ton of potential. It’s a great creative real estate deal story,” said Avi Abroms, managing partner with Alpha Partners in a statement.
The immediate area surrounding Stringtown Road is expecting continued population growth during the next five years as job creation continues to expand.
Alpha Partners has completed other similar upgrade deals throughout the Midwest and is also currently responsible for renovating and leasing the 128-year old, historic Zettler Hardware Building at 101 E. Main St. in downtown Columbus’ Red Brick District.