1081-1087 Mt Vernon ave - Storefront Retail/Residential FOR SALE


Columbus, OH 43203- King-Lincoln Bronzeville
$789,000 USD
614-589-2121
1081-1087 Mt Vernon ave, Columbus, OH for Sale
$789,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | Request Cap Rate

1081-1087 Mt Vernon ave
Columbus, OH 43203
King-Lincoln Bronzeville


HIGHLIGHTS

  • Opportunity Zone, tax incentives
  • Over 20,000 sqft
  • Multi-use, redevlop storefront and condos/apartments

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$789,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Drug Store, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Multi-Use

APN/PARCEL ID

010-003949

ASK ABOUT THIS PROPERTY

Katie KiktaRed 1 RealtyMore Info
614-589-2121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Katie KiktaRed 1 RealtyMore Info
614-589-2121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.