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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



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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