1220 Central College Rd Westerville, OH 43081

This exceptional investment opportunity presents a 2-unit multifamily property situated on a substantial 13,939.2 square foot lot in Westerville, Ohio. The property, located at 1220 Central College Road, boasts a combined total of 2,496 net rentable square feet, currently with 50% occupancy. One unit is a single-family home featuring three bedrooms, one bathroom, and a basement, currently generating rental income. The second unit is a 1,868 square foot commercial building with a rich history as a church, school, and bait store, offering significant redevelopment potential. The property's zoning, CC-Community Commercial, allows for diverse uses, including commercial and residential options. Its prime location at the highly visible northeast corner of Sunbury Road and Central College Road offers exceptional visibility and accessibility, just steps from Hoover Reservoir and minutes from freeways, New Albany, and the new Intel complex. The asking price is $349,900, translating to $140.18 per square foot. This property presents a unique opportunity for investors seeking a blend of immediate rental income and significant long-term potential for expansion or redevelopment. The large lot size provides ample space for future development, catering to a variety of commercial or residential uses, subject to zoning approvals.