Mixed-Use Building with
For Sale
$789,900
5052 50-52 S Main St, London, OH 43140
First-floor retail is leased through August 2027, with three residential units and updated in-unit amenities above.
Property Size7,372 SF
Price / SF$107.15
Days on Market47
Property Features for 5052 50-52 S Main St
General Information
Standard status
Active
Size
7,372 SF
Building Details
Year Built
1890
Listing Agency:
Red 1 Realty
Listed By:
Taras Posykalyuk · License #2020008088
(614) 824-7845
Source:
Thelorilynngroup
Added: Sep 8
Changed: Oct 11
Last Checked: Oct 7 at 12:59PM
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 Red 1 Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor retail component with three residential units on the second floor. The retail space is leased through August 2027, while the apartments include new HVAC systems and new appliances. Each residential unit also has its own washer and dryer.
The building contains 7,372 square feet and was constructed in 1890. Located at 5052 50-52 S Main St in London, Ohio, the property offers a combination of commercial occupancy and residential income within a two-level configuration. The reported 10% cap rate provides an additional financial metric for evaluating the asset.
The building contains 7,372 square feet and was constructed in 1890. Located at 5052 50-52 S Main St in London, Ohio, the property offers a combination of commercial occupancy and residential income within a two-level configuration. The reported 10% cap rate provides an additional financial metric for evaluating the asset.
Key Highlights
- 7,372‑square‑foot mixed‑use property in London, OH
- First‑floor retail lease runs through August 2027
- Three residential units occupy the second floor
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
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
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 residential units and updated in-unit amenities above.
Where is this mixed-use property located?
The property is located at 5052 50-52 S Main St 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: 7,372‑square‑foot mixed‑use property in London, OH; First‑floor retail lease runs through August 2027; Three residential units occupy the second floor
