Mixed-Use Investment
1220-1222 Parsons # 1220 Columbus Columbus, OH 43206
For Sale
$260,000
Mixed-use building with one street-level retail unit and two residential apartments, offered in a court-appointed receiver sale.
Property Size2,628 SF
Price / SF$98.93
Days on Market20
Property Features for 1220-1222 Parsons # 1220 Columbus
General Information
- Standard status
- Active
- Size
- 2,628 SF
Building Details
- Year Built
- 1920
Listing Agency:
(614) 660-5959
Listed By:
Brian McLaughlin
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Jul 23
Last Checked: Jul 23 at 5:52PM
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 Brian McLaughlin
Investment Insights
Based on property information with market context.
This mixed-use investment property is being offered for sale by a court-appointed receiver. The building totals three units, including one street-level retail space and two apartments: one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit.
The property is located in close proximity to Nationwide Children’s Hospital and provides convenient access to Downtown Columbus and German Village, with major highway corridors including I-70 and I-71.
With street-level retail paired with residential income units, the property offers an owner a straightforward mixed-use configuration within a three-unit building.
The property is located in close proximity to Nationwide Children’s Hospital and provides convenient access to Downtown Columbus and German Village, with major highway corridors including I-70 and I-71.
With street-level retail paired with residential income units, the property offers an owner a straightforward mixed-use configuration within a three-unit building.
Key Highlights
- Mixed‑use building with 3 total units: 1 street‑level retail unit plus 1 two‑bedroom and 1 one‑bedroom apartment
- Building area total of 2,628 SF
- Year built: 1920
Financial Insights For Multifamily LT 5
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 | $34.4k | $13.08 |
| − Vacancy | −$2.4k | −$0.92 |
| EGI | $32.0k | $12.16 |
| − OpEx | −$9.6k | −$3.65 |
| NOI | $22.4k | $8.52 |
2,628 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.8K
$378.7K – $505.0K
NOI $30,298 @ 7.0% cap · market cap 11.65%
Second Best
Mixed Use
$430.8K
$377.0K – $502.6K
NOI $30,156 @ 7.0% cap · market cap 11.60%
Theoretical Best
Office A
$547.7K
$479.2K – $639.0K
NOI $38,338 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with one street-level retail unit and two residential apartments, offered in a court-appointed receiver sale.
Where is this mixed-use property located?
The property is located at 1220-1222 Parsons # 1220 Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Mixed‑use building with 3 total units: 1 street‑level retail unit plus 1 two‑bedroom and 1 one‑bedroom apartment; Building area total of 2,628 SF; Year built: 1920
