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Property profile & analytics
OFF-MARKET Estimated value $5,515,000
Retail residential properties

309 4th St Columbus, OH 43215-5428

57,590 SF 0.26 ac lot Built 1902
Entity Owned 12-yr Hold Free & Clear
Property ID
US66-0468949
Property summary
AI-generated overview

This exceptional 300-square-foot retail space, located at 309 S 4th St, Suite 1A in Columbus, Ohio's vibrant Downtown District, presents a fantastic opportunity for a discerning business. Situated within a larger building totaling 57,590 square feet, this single-tenant space boasts high ceilings and a private entrance, enhancing its appeal and exclusivity. Built in 2020, the building offers modern amenities and a secure environment, including a security system. Off-street parking is negotiable, adding further convenience. The property's prime location provides easy access to a variety of local restaurants and bars, as well as the popular Bicentennial Park, ensuring high foot traffic and visibility. The building is located in Franklin County, Ohio, with a zip code of 43215. The property features one building with elevator access. This space is ideal for a variety of retail uses and represents a unique chance to establish a presence in a thriving urban setting. The property is conveniently located at the intersection of South Fourth Street and is easily accessible via public transportation and major roadways. This is a single-tenant occupancy within a larger building. The building underwent renovations in 2020.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1902
Construction WOOD
Total area 57,590 SF
Lot 0.26 ac (11,413 SF)
APN 010-044614
UPID US66-0468949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The New USCC Apartment Building
  • Flat 51 Downtown Hotel & Motel Resort
  • E.B LOCKSMITH SERVICES- CAR KEY MADE LLC Locksmith
  • Mercantile Condominiums Apartment Building
  • Dueling Axes Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.28M
Blend (final) Blend
$5.52M
Owner & transaction history
Mercantile Condos LLC · 12 yrs held
Mercantile Condos LLC
since 2014
7 recorded transactions
2019
Price N/A
2015
Price N/A
2014
$1.8M
2013
$1.1M
1999
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $9.1M +34.7%
Apartment house (5+ units) $8.4M +23.2%
Office building $8.2M +20.4%
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