Mixed-Use Building with
50-52 S Main Street London London, OH 43140
50-52 S Main Street London, London, OH, 43140
$789,900
For Sale
$789,900
First-floor retail is leased through August 2027, with three second-floor residential units.
Property Size7,372 SF
Price / SF$107.15
Days on Market17
Property Features for 50-52 S Main Street London
General Information
- Standard status
- Active
- Size
- 7,372 SF
Building Details
- Year Built
- 1890
Listing agency
(614) 660-5959
Listed by
Yashar Bayramzade
(614) 660-5959
Source
Movenowohio
Added: Jul 5 Updated: Jul 20 at 6:55PM Checked: Jul 21 at 3:34AM
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 Yashar Bayramzade
Investment Insights
Based on property information with market context.
This mixed-use building at 50-52 S Main Street features retail space on the first floor and three residential units on the second floor. The retail portion is currently leased through August 2027.
The residential units include brand new HVAC systems and new appliances, with a washer and dryer in each unit. Photos provided show the exterior and one of the one-bedroom units.
The property offers a combined setup of income-producing retail and multiple residential apartments within the same building, supporting a straightforward operating footprint for an owner-operator or investor.
The residential units include brand new HVAC systems and new appliances, with a washer and dryer in each unit. Photos provided show the exterior and one of the one-bedroom units.
The property offers a combined setup of income-producing retail and multiple residential apartments within the same building, supporting a straightforward operating footprint for an owner-operator or investor.
Key Highlights
- First‑floor retail leased through August 2027
- Three second‑floor residential units
- All units feature brand‑new HVAC units and new appliances, including a washer and dryer in each unit
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 | $43.3k | $5.88 |
| − Vacancy | −$1.6k | −$0.21 |
| EGI | $41.8k | $5.67 |
| − OpEx | −$12.5k | −$1.70 |
| NOI | $29.3k | $3.97 |
7,372 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$977.1K – $1.30M
NOI $78,165 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$1.09M
$952.2K – $1.27M
NOI $76,179 @ 7.0% cap · market cap 9.64%
Theoretical Best
Warehouse
$1.49M
$1.30M – $1.73M
NOI $104,009 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Mixed-use property - First-floor retail is leased through August 2027, with three second-floor residential units.
Where is this mixed-use property located?
The property is located at 50-52 S Main Street London London, OH.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: First‑floor retail leased through August 2027; Three second‑floor residential units; All units feature brand‑new HVAC units and new appliances, including a washer and dryer in each unit
