44 Columbus St, Lithopolis, OH 43136
- Investment properties
- 4,782 SF
- 0.25 lot acres
Current Use by Public Records
- El Pedregal Mexican Restaurant / Restaurant
Property Details for 44 Columbus St
- Year built
- 1900
- Construction
- STEEL FRAME
- Lot size
- 0.25 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 010-02128.00
- APU
- 100212800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 26, 2018 | — | The Jeffrey Peters Living Trust | — | Deed · related | $485k · Standing Stone Bank |
| Jul 9, 2015 | $196,800 | Jeffrey Peters | Markdrew Development Company Ltd | Warranty Deed | $214k · Standing Stone Bank |
| Jul 9, 2015 | — | Makdrew Dev Co Ltd | Kramsel LLC | Warranty Deed | — |
| Mar 12, 2012 | $200,000 | Makdrew Dev Co Ltd | Kramsel LLC | Grant Deed | — |
| Sep 14, 2011 | $170,000 | Makdrew Dev Co Ltd | Kramsel LLC | Dual Purpose Document | $170k · Kramsel LLC |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lithopolis
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.8073
- Latitude
- 39.8035
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
