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1010-1016 Main St St Columbus, OH 43205

Sponsored
For Sale
$365,000

Columbus Investment Opportunity: High-Yield Potential

Property size:
5,810 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional mixed-use building presents a compelling investment opportunity in the vibrant Olde Towne East neighborhood of Columbus, Ohio. The property, located at 1010-1016 E Main Street, boasts a substantial 5,810 square feet on a 0.2-acre lot, providing ample space and potential for expansion. The building's strategic location near new apartment complexes on Main and Cherry Streets, and less than a mile from Nationwide Children's Hospital, ensures high visibility and strong tenant demand. The property features two ground-floor retail spaces, generating immediate income potential. In addition, there is one first-floor apartment in the rear and four apartments on the second floor, providing a diverse revenue stream. The solid brick structure, complemented by a stone foundation and a large basement on the east side (with a slab foundation and original mosaic tile on the west), offers durability and character. Recent upgrades include a new roof, gutters, and soffits, minimizing future maintenance costs. The seller possesses cost estimates for potential remodeling projects, allowing for further value enhancement. Cash offers are preferred. This property is eligible for tax abatement through the City of Columbus, offering significant financial advantages to the buyer. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a rapidly growing area.

Property Features for 1010-1016 Main St St

General Information

Property type
Mixed-use properties
Square Feet
5,810 SF
Lot Size
8,712 SF

Building Details

Year Built
1925

Location Intelligence

Current Use by Public Records

Mixed-use properties

Map

City
Columbus
County
Franklin
State
Ohio
Longitude
-82.97231
Latitude
39.95805

FAQs

What type of property is this?
Mixed-use property - Columbus Investment Opportunity: High-Yield Potential
Where is this mixed-use property located?
The property is located at 1010-1016 Main St St Columbus, OH.
What is the asking price?
The asking price for this property is $365,000.
More about this property
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