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Investment Highlights
- Court Appointed Receiver Sale
- Mixed-Use Investment
- Online Auction Only
Executive Summary
Court Appointed Receiver Sale, 1220-1222 Parsons Ave, a mixed-use investment property located in close proximity to Nationwide Children’s Hospital, with convenient access to Downtown Columbus, German Village, and major highway corridors including I-70 and I-71. The building features three total units, consisting of one street-level retail space, one 2-bedroom, 1 bathroom, and one 1-bedroom, 1 bathroom apartment units.
The property is visually distinctive, with large-scale murals on two sides of the building that enhance street presence and visibility. Dedicated off-street parking adds functional value for both residential and retail occupants. The apartment units have been previously updated with newer flooring, stainless steel appliances, quartz countertops, upgraded cabinetry, tiled backsplashes, and tiled bathrooms. The combination of updated residential units and street-level retail provides diversified income potential in a high-demand location. This asset is well-suited for investors or owner-users seeking a mixed-use property near a major employment and medical hub.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders seeking approval must submit the following items no later than March 3, 2026:
Click Sign Up, and create an account
Request Authorization and e-sign the Purchase and Sale Agreement
Once the Purchase and Sale Agreement has been signed our admin will review and unlock the buyers account.
Agents do not bid on behalf of buyers, buyers place their own bids.
Auction Date / Times
Auction Starts: Live Now
Auction Ends: March 4, 2026 @ 2pm ET
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 11am ET March 5, 2026
Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.
Property Information and Showings
Unrepresented buyers, please contact Kurt at kurt@prodigyprop.com with questions or to schedule a tour.
Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice
The property is visually distinctive, with large-scale murals on two sides of the building that enhance street presence and visibility. Dedicated off-street parking adds functional value for both residential and retail occupants. The apartment units have been previously updated with newer flooring, stainless steel appliances, quartz countertops, upgraded cabinetry, tiled backsplashes, and tiled bathrooms. The combination of updated residential units and street-level retail provides diversified income potential in a high-demand location. This asset is well-suited for investors or owner-users seeking a mixed-use property near a major employment and medical hub.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders seeking approval must submit the following items no later than March 3, 2026:
Click Sign Up, and create an account
Request Authorization and e-sign the Purchase and Sale Agreement
Once the Purchase and Sale Agreement has been signed our admin will review and unlock the buyers account.
Agents do not bid on behalf of buyers, buyers place their own bids.
Auction Date / Times
Auction Starts: Live Now
Auction Ends: March 4, 2026 @ 2pm ET
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 11am ET March 5, 2026
Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION.
Property Information and Showings
Unrepresented buyers, please contact Kurt at kurt@prodigyprop.com with questions or to schedule a tour.
Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
2,628 SF
Building Class
C
Year Built/Renovated
1920/2017
Price
$200,000
Price Per SF
$76.10
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
UCT - Mixed-Use, Urban Center
Parking
4 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
47’ on Parsons Ave
Walk Score®
Very Walkable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-053034 | Improvements Assessment | $99,160 |
| Land Assessment | $7,250 | Total Assessment | $106,410 |
Property Taxes
Parcel Number
010-053034
Land Assessment
$7,250
Improvements Assessment
$99,160
Total Assessment
$106,410
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1220-1222 Parsons Ave
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