1555-1563 4th St Columbus, OH 43201
- Retail residential properties
- 10,751 SF
- 0.16 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 1555-1563 4th St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 10,751 SF
- Property type
- Retail residential properties
- APN
- 010-047250
- APU
- 10047250
Description
This exceptional 15,508-square-foot special purpose property, located at 1555-1563 N 4th Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1920 and fully renovated, the building boasts a prime location in the heart of the Ohio State University campus. Currently operating at 89% occupancy, the property features three retail units, offering a value-add potential through conversion to triple-net (NNN) leases upon expiration of existing agreements. Six residential units are currently leased for the upcoming school year, commanding monthly rents between $2600 and $2700. The property includes $20,000 in recently installed laundry equipment. All utilities (gas, water, and electric) are sub-metered for efficient management. A significant advantage is the tax abatement, extending until 2029, providing substantial tax savings. The 6,969.6-square-foot lot offers potential for future expansion or redevelopment. The asking price is $1,750,000, translating to $112.84 per square foot. A potential condo conversion exit strategy is also available. Serious inquiries only
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9994
- Latitude
- 39.995
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
