50-52 S Main St - Storefront Retail/Residential FOR SALE


London, OH 43140
$799,900 USD
614-585-9020
50-52 S Main St, London, OH for Sale
$799,900 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 10% Cap Rate

50-52 S Main St
London, OH 43140


OVERVIEW

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 $1,300 + $150 water. Leased thru 6/9/2025. Unit B (3bed/2bath) Currently vacant but previously Rented for $1,550 + $200 water. Unit C (1 bed/1.5bath) Rented for around $1150/month + $100 water Retail unit on first floor is leased for $2,560 with a 3% annual increase. Leased thru 8/2027.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$109 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

31-02960.000,31-02961.000

ASK ABOUT THIS PROPERTY

Taras PosykalyukRed 1 RealtyMore Info
614-585-9020

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Taras PosykalyukRed 1 RealtyMore Info
614-585-9020

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