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1010-1016 E Main St 5,810 SF 100% Leased Retail Building Columbus, OH 43205 $395,000 ($67.99/SF)
Investment Highlights
- Opportunity Zone
- Recent capital improvements include a new roof, gutters, and soffits
- Strong long-term investment potential in an emerging urban market
- Solid brick building is offered in shell condition
- Excellent location in the heart of Olde Towne East
Executive Summary
This solid brick building is offered in shell condition and requires a complete interior redevelopment, presenting a compelling opportunity for adaptive reuse. The property includes two first-floor retail spaces, a rear first-floor apartment, four second-floor apartments, and a large rear lot suitable for parking or future expansion. Constructed on a stone foundation, the building features a large basement beneath the east-side retail space and retains original mosaic tile on the west side, adding architectural character. Recent capital improvements include a new roof, gutters, and soffits. Located near new residential developments along Main and Cherry Streets and within one mile of Nationwide Children’s Hospital, which is undergoing a $1 Billion expansion, and Grant Medical Center, which is in the midst of a $400 million expansion, the property sits in a rapidly reinvesting corridor anchored by major institutional investment. Eligible for tax abatement through the City of Columbus, this offering presents strong long-term investment potential in an emerging urban market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,810 SF
Building Class
C
Year Built/Renovated
1925/1961
Price
$395,000
Price Per SF
$67.99
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
UCT - Urban Center (Mixed Use)
Parking
3 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-040982 | Improvements Assessment | $10,820 |
| Land Assessment | $17,190 | Total Assessment | $28,010 |
Property Taxes
Parcel Number
010-040982
Land Assessment
$17,190
Improvements Assessment
$10,820
Total Assessment
$28,010
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1010-1016 E Main St
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