50-52 Main St St London, OH 43140
- Mixed-use properties
- 7,372 SF
- 0.04 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 50-52 Main St St
- Year built
- 1890
- Lot size
- 0.04 lot acres
- Property size
- 7,372 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, situated in the heart of London, Ohio, presents a compelling investment opportunity. The building, encompassing 7,372 square feet on a 0.04-acre lot at 50-52 South Main Street, offers a blend of commercial and residential space. The ground floor comprises retail space currently under lease, generating consistent income through August 2027. Above, three residential units provide additional revenue streams. Each unit boasts newly installed HVAC systems and brand new appliances, including in-unit washer and dryer sets, enhancing tenant appeal and minimizing maintenance concerns. The property's strong performance is reflected in its attractive 9% capitalization rate, indicating a significant return on investment. This turnkey operation requires minimal immediate capital expenditure, making it an ideal acquisition for investors seeking a stable, high-yield asset in a desirable location. The property's prime downtown location ensures high visibility and accessibility, further enhancing its investment potential. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record of success. The combination of a secure retail lease and three updated residential units provides a diversified income stream, mitigating risk and maximizing returns. Images showcase the building's exterior and a representative one-bedroom unit.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- London
- County
- Madison
- State
- Ohio
- Longitude
- -83.4345
- Latitude
- 39.9035
