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$ 4,350,000
Est. payment /mo
Active
116 E Moler Street Columbus, OH 43207
18,941 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 18,941 sqft
Price per Sqft $229
Subdivision Merion Village
MLS Listing ID 226013266
Year Built 1923
Annual Tax Amount $15,810
Lot Size 0.330 Acres
Lot Dimensions 0.33
Property Sub-Type Retail
Source Columbus and Central Ohio Regional MLS
Property Description
Introducing an exceptional investment opportunity in the heart of Columbus, Ohio. This impressive property, built in 1923 and renovated in 2023, offers an 18,941 SF building with 4 units, showcasing timeless character and modern functionality. Boasting 100% occupancy and NNN leases, this prime location presents a compelling prospect for retail/street retail investors seeking a stable and lucrative asset. Value add opportunities in play include a finish-ready basement space (HVAC and plumbing in place) and untapped income through a 23-space parking lot that can be monetized by re-zoning and developing, adding substantial asset value. This well-maintained building exudes a captivating blend of historic charm and contemporary appeal, making it an ideal choice for investors looking to capitalize on a property with a strong leasing history and remarkable potential for sustained growth and success.
Location
State OH
County Franklin
Community Merion Village
Area 0.33
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 010-037613
Listed by Brett A Ludwig Verti Commercial Real Estate L