Mixed-Use Building with
For Sale
$789,900
50-52 S Main Street London, London, OH 43140
First-floor retail is leased through August 2027, with three second-floor residential units.
Property Size7,372 SF
Price / SF$107.15
Days on Market110
Property Features for 50-52 S Main Street London
General Information
Standard status
Active
Size
7,372 SF
Net Operating Income
$80,000
Additional Details
Cap Rate
10%
Multifamily Units
3
Amenities
No
0.04
7372.0
Building Details
Building Size
7,372 SF
Year Built
1890
Stories
2
Tenancy
Multi
Listed By:
Yashar Bayramzade
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Oct 12
Last Checked: Oct 7 at 9:52AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,257
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,140
$585.1K
Cap Rate 7%
$417,957
$418.0K
Cap Rate 9%
$325,078
$325.1K
Market Conditions
NOI Build-Up for 7,372 SF
Gross rent
$43.3K $5.88/SF
− Vacancy
−$1.6K −$0.21/SF
EGI
$41.8K $5.67/SF
− OpEx
−$12.5K −$1.70/SF
NOI
$29.3K $3.97/SF
Area
Madison County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,140
Cap Rate 7%
$417,957
Cap Rate 9%
$325,078
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 authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
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Business Placement
Demographics for 43140, OH
24,030
Population
8,419
Households
2.9
Avg Household Size
41
Median Age
20%
College-Educated
87%
High-School Grad
219.9 sq mi
ZIP Area
109
Density / Sq Mi
$82,598
Median Household Income
$44,378
Median Earnings
$901
Median Rent
$228,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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
