1555-1563 4th St Columbus, OH 43201
For Sale
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Property summary
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
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Columbus market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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