For Sale
$349,900

1220 Central College RdWesterville, OH 43081

Westerville, OH multifamily property

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 1220 Central College Rd

Property type
Residential income homes
Square Feet
1,152 SF
Units
2

Location Insight

City
Westerville
County
Franklin
State
Ohio
Latitude
40.1024189
Longitude
-82.8879299
1220 Central College Rd, Westerville, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1220 Central College Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message