For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Unit Street Retail Building Title is generated by Realmo AI

    116 E Moler Street Columbus, Columbus, OH 43207

    View on Map
    Claim this Listing
    New
    For Sale
    $4,100,000

    Four-unit retail building with renovated updates and NNN leases, plus a finish-ready basement and 23-space parking lot.

    Property size:
    18,941 SF
    Price / SF:
    $216/SF
    Added:
    Jul 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jul 4 at 3:02 am

    Property Features for 116 E Moler Street Columbus

    General Information

    Standard status
    Active
    Size
    18,941 SF

    Building Details

    Year Built
    1923

    We can help!

    Contact an agent
    Joe Herban

    Listing office

    Listing date Jul 3, 2026

    Source Movenowohio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Joe Herban

    HighLights

    • 18,941 SF four‑unit retail building built in 1923 and renovated in 2023
    • 100% occupancy with NNN leases in place
    • Finish‑ready basement space with HVAC and plumbing in place
    • 23‑space parking lot included
    • 0.33‑acre lot with public water source

    Overview

    This retail street property was built in 1923 and renovated in 2023. The building is configured as four separate units and is currently operating with 100% occupancy under NNN lease structures. In addition to the existing spaces, there is a finish-ready basement area with HVAC and plumbing already in place, providing an in-building option for future use or expansion of leasable area. Outside, the property includes a 23-space parking lot.

    The property is offered for sale in Columbus, Ohio. It is presented as an NNN investment with a multi-unit retail setup designed for retail/street retail investors seeking a straightforward operating format.

    From a tenant or operator standpoint, the building’s NNN lease structure and established unit configuration may align well with retail operators looking for a commercial space that is already packaged for investor ownership. The basement’s HVAC and plumbing-in-place condition can also be relevant for prospective tenants or buyers considering how to maximize the building’s usable footprint, subject to applicable approvals and final build-out plans.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $413.7k $21.84
    − Vacancy −$99.3k −$5.24
    EGI $314.4k $16.60
    − OpEx −$94.3k −$4.98
    NOI $220.1k $11.62
    18,941 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.14M
    $2.75M – $3.67M (±1% cap)
    NOI $220,073 @ 7.0% cap · market cap 5.37%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $3.82M
    $3.34M – $4.45M (±1% cap)
    NOI $267,232 @ 7.0% cap · market cap 6.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Jennings Java Artisan ... Cafe & Coffee Shop Isla Restaurant Jennings Java Coffee ... Cafe & Coffee Shop The Well Center for Movement ... Training Center The Well Training Center

    Suggested Use

    Parking Lot & Garage Grocery & Convenience Store Real Estate Agency Food Market Computer & Electronic Repair Tech Support Center Electrical Service Kitchen & Bath Showroom Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.992756
    Latitude
    39.9351674

    FAQs

    What type of property is this?
    Retail space - Four-unit retail building with renovated updates and NNN leases, plus a finish-ready basement and 23-space parking lot.
    Where is this retail space located?
    The property is located at 116 E Moler Street Columbus Columbus, OH.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: 18,941 SF four‑unit retail building built in 1923 and renovated in 2023; 100% occupancy with NNN leases in place; Finish‑ready basement space with HVAC and plumbing in place
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message