16 North Main Street London, OH 43140

Building Details

Year Built

1933

Listing agency Verti Commercial Real Estate L b***@verticre.com Show Phone

Listed by Brett A Ludwig · License #2016004572 Show Phone

Source Compass

Added: Jun 14 Updated: Jul 22 at 2:39PM Checked: Jul 22 at 2:39PM

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Investment Insights

Based on property information with market context.

16 North Main Street is currently zoned and operating as an office. Prior ownership has advanced meaningful interior reconfiguration toward residential use, positioning the property for an office-to-multifamily conversion.

The offering contemplates an end-state of eleven one-bedroom residential units. This property is also part of a larger Central Ohio investment portfolio for purchase, comprising 133 units across 34 individual residential and mixed-use properties in London, Ohio (Madison County) and Washington Court House, Ohio (Fayette County), which were acquired and renovated between 2018 and 2022.

Key Highlights

• Year built 1933 commercial property at 16 North Main Street, currently zoned and operating as an office
• Interior reconfiguration toward residential use is underway, with prior ownership already advanced reconfiguration for conversion
• Planned conversion to multifamily: underwriting contemplates 11 one‑bedroom units at about $750 per unit/month

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FAQs

What type of property is this?

Apartment building - Currently operating as an office, with interior reconfiguration toward residential use underway by prior ownership.

Where is this apartment building located?

The property is located at 16 North Main Street London, OH.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Year built 1933 commercial property at 16 North Main Street, currently zoned and operating as an office; Interior reconfiguration toward residential use is underway, with prior ownership already advanced reconfiguration for conversion; Planned conversion to multifamily: underwriting contemplates 11 one‑bedroom units at about $750 per unit/month