Listed by Carriage Trade Realty, Inc.
$430,000
1095 MOUNT VERNON AVE COLUMBUS OH 43203
Details
APN 010-010934
Property Type Retail
Sub Type Bank, Restaurant
Square Footage 8,340
Units 2
Cap Rate 2.3%
NOI $9,900
Occupancy 50%
Tenancy Single
Lease Term 3
Lease Expiration 12/31/2026
Remaining Term 0.4
Price per SqFt $52
Class C
Year Built 1928
Stories 1
Lot Size (SqFt) 4,617
Zoning commercial 420 small retail space
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.20
Investment Type Redevelopment
Lease Commencement 01/01/2024
Ground Lease No
Retail | 2.30% CAP | 8,340 SqFt
Marketing description
Retail • 8,340 SF • 09/28/2015
Investment highlights
Two parcels in an Opportunity Zone on Mt Vernon Ave, Columbus, Ohio 43203. Vintage storefront space with original ornate tin ceilings and maple hardwood floors, full of usable storage in the basement. This was formerly a hardware store with attached garage space to the rear. 1097-99 Mt Vernon is currently leased to a barbershop at $825/mth. New roof on building. The rear fenced space would make a great parking lot; it would accommodate 15 cars. Please do not disturb the tenant that space shown with accepted contract.
Listing Contacts
Listed by Carriage Trade Realty, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$9,900.00
$825.00/mo
Valuation Metrics
0
DSCR
2.3%
Cap Rate
2.3%
ROI
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