44 Columbus St Lithopolis, OH 43136

This exceptional investment opportunity presents a 3,000 square foot retail building located at 44 E Columbus St, Lithopolis, OH 43136. The property, situated on a 0.25-acre lot (APN: 01-00212-800), is zoned C (Commercial) and boasts a strong 85% occupancy rate across multiple tenants. The building underwent a complete renovation in 2016 and currently generates a total annual rental income of $70,440. This includes a restaurant generating $35,040 annually, and two apartments, one at $10,200 and the other at $13,200 annually, plus an additional $12,000 annual income from a rear building. The restaurant tenant, El Pedregal Mexican Restaurant, is currently operating under a NNN lease with five years remaining. Both apartments are two-bedroom, one-bathroom units with annual leases. The property's asking price is $1,150,000, representing a compelling 4.60% cap rate. Annual real estate taxes of $3,831 are paid by the building owner. This property offers a stable income stream with potential for future growth in a desirable location. The building is in excellent condition and benefits from strong, long-term tenants. This is an ideal investment for those seeking a diversified portfolio with a proven track record of success.