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50-52 S Main St 7,372 SF 100% Leased Retail Building London, OH 43140 $799,900 ($108.51/SF) 10% Cap Rate



INVESTMENT HIGHLIGHTS
- Great cash flow opportunity
- Mixed-Use property in the heart of London, OH
EXECUTIVE SUMMARY
Unique property located in the heart of London, OH. Retail space on the first floor that is leased thru August 2027. 3 Residential units on the second floor. Great cash flow opportunity @ a 10% CAP RATE. All units have brand new HVAC units and all new appliances, including a washer and dryer in each unit.Rent roll: Unit A (2 bed/2 bath) Rented for $1,350 + $100 water. Leased thru 9/22/2026. Unit B (3bed/2bath) Rented for $1,550 + $200 water. Unit C (1 bed/1.5bath) Rented for around $1050/month + $100 water Retail unit on first floor is leased for $2,560 with a 3% annual increase. Pays its own water and has separate water meter. Leased thru 8/2027.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,372 SF
Building Class
C
Year Built
1890
Price
$799,900
Price Per SF
$108.51
Cap Rate
10%
NOI
$79,990
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Lot Size
0.10 AC
Parking
3 Spaces (0.41 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $29,500 | |
| Land Assessment | $7,440 | Total Assessment | $36,940 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,440
Improvements Assessment
$29,500
Total Assessment
$36,940
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50-52 S Main St
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