Mixed-Use Investment
12201222 Parsons Unit 1220 Columbus, OH 43206
For Sale
$260,000
Mixed-use building with street-level retail and two residential units for a court-appointed receiver sale.
Property Size2,628 SF
Price / SF$98.93
Days on Market94
Property Features for 12201222 Parsons Unit 1220
General Information
- Standard status
- Active
- Size
- 2,628 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing Agency:
(513) 841-7000
Listed By:
Prodigy Properties
(513) 841-7000
Source:
Xome
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 23 at 4:41AM
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 Prodigy Properties
Investment Insights
Based on property information with market context.
This mixed-use investment property includes three total units: one street-level retail space, one 2-bedroom / 1-bath apartment, and one 1-bedroom / 1-bath apartment. The offering is being sold as a court-appointed receiver sale.
The property is located in close proximity to Nationwide Children’s Hospital and provides convenient access to Downtown Columbus and German Village. It is also positioned for access to major highway corridors including I-70 and I-71.
As presented, the building’s unit mix offers both retail and residential rental opportunities within a single structure.
The property is located in close proximity to Nationwide Children’s Hospital and provides convenient access to Downtown Columbus and German Village. It is also positioned for access to major highway corridors including I-70 and I-71.
As presented, the building’s unit mix offers both retail and residential rental opportunities within a single structure.
Key Highlights
- Mixed‑use building for a court‑appointed receiver sale at 1220‑1222 Parsons Ave
- Building includes one street‑level retail space plus two apartment units
- Residential unit mix: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
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 street-level retail and two residential units for a court-appointed receiver sale.
Where is this mixed-use property located?
The property is located at 12201222 Parsons Unit 1220 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 for a court‑appointed receiver sale at 1220‑1222 Parsons Ave; Building includes one street‑level retail space plus two apartment units; Residential unit mix: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
