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1081-1087 Mt Vernon ave 28,128 SF Retail Building Columbus, OH 43203 $849,000 ($30.18/SF)
Investment Highlights
- Opportunity Zone, tax incentives
- Multi-use, redevlop storefront and condos/apartments
- Over 20,000 sqft
Executive Summary
Seller is motivated, appraised at $1,000,000. Located in an Opportunity Zone (tax incentives for redevelopment!), 1081-1087 Mt Vernon Avenue offers 3 storefronts, a parking lot, and 3 stories of mixed-use commercial space ready for new ownership. Set on the corner of Mt. Vernon Ave and 20th St. in the King Lincoln Historical District and available for sale for the first time since 1967, this past owned and operated family pharmacy is ready for new life. Redevelop all three space or combine into one project. Create retail/restaurant spaces below and condos/aparements above. Over 20,000 sqft. of possibility. Basement access for each of the 3 buildings. 2nd and 3rd floor access to apartment/condo spaces. Parking lot for 8-10 cars. Across the street, Mount Vernon Plaza is slated for a $20 million redevelopment that will include the addition of 12,000 square feet of retail and 57 units of affordable housing. Target completion in 2028. Sold as is where is. Appraisal and structural report available as well as information on Opportunity Zones.
Data Room Click Here to Access
- Third Party Reports
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
28,128 SF
Building Class
C
Year Built
1920
Price
$849,000
Price Per SF
$30.18
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.31
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
Multi-Use - Zoned multi-use.
Parking
9 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
130’ on Mount Vernon Avenue
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-003949 | Improvements Assessment | $84,250 (2025) |
| Land Assessment | $21,320 (2025) | Total Assessment | $105,570 (2025) |
Property Taxes
Parcel Number
010-003949
Land Assessment
$21,320 (2025)
Improvements Assessment
$84,250 (2025)
Total Assessment
$105,570 (2025)
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1081-1087 Mt Vernon ave