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    309 S 4Th St Columbus, OH 43215

    For Sale
    $9,500,000

    MULTI_FAMILY - Columbus, OH

    Lot size:
    0.26 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 309 S 4Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    010-044614
    Parking
    30
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1902
    Number of units
    41

    Red 1 Realty, LLC (614) 585-9020 [email protected]

    Listing agent Roxy Ponce (614) 560-7747

    Listing date Nov 20, 2025

    MLS# 225043059 Listing URL

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Refurbished Mixed-Use Building in Columbus

    The Mercantile is a fully refurbished historical building featuring original exposed timber beams and top-of-the-line architectural features throughout. The property includes a total of 41 units, 5 of which are luxury penthouses with gas appliances, and 3 commercial units. The landmark building includes 2 elevators, a front lobby reception area, underground storage, a fitness center, and cutting-edge security features. A rooftop area can be developed into iconic retail space or additional tenant amenities. The property also features a parking lot with 30 spaces. Standard finishes include quartz counters, stainless appliance packages, in-unit laundry, wood floors, and LED backlit mirrors. A 100% property tax abatement is in place until 2034. The sale includes 3 total parcels, and one of the parcels can be developed as a mid-rise building. The property is located in Columbus, OH 43215, Franklin County, on a lot of 0.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The New USCC Apartment Building Flat 51 Downtown Event Venue E.B LOCKSMITH SERVICES- ... Locksmith Mercantile Condominiums Apartment Building Dueling Axes Bar

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.995358
    Latitude
    39.956088

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    FAQs

    What type of property is this?
    Mixed-use property - Historical building with luxury apartments, commercial units, and development potential.
    Where is this mixed-use property located?
    The property is located at 309 S 4Th St Columbus, OH.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: - 100% property tax abatement in place until 2034.; - **Fully refurbished historical building with original exposed timber beams and top-of-the-line architectural features.**; - Rooftop with development potential for iconic retail space or additional tenant amenities.
    (614) 560-7747
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    309 S 4Th St Columbus, OH 43215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 S 4Th St Columbus, OH 43215
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