For Sale
$570,000

1220-1222 Parsons Ave Columbus, OH 43206

Stabilized, 3-unit retail & residential building

Overview

Added:
Dec 11, 2024
Days on market:
134
This fully renovated, stabilized mixed-use property in Columbus, Ohio, presents a compelling investment opportunity. Located at 1220-1222 Parsons Ave, this 2,628 square foot building boasts a desirable location near downtown Columbus and its thriving neighborhoods. Built in 1900 and extensively renovated in 2021, the property features a unique blend of commercial and residential space. The building comprises three units: one ground-floor retail space and two apartments on the second floor – a one-bedroom loft and a two-bedroom unit. Each unit benefits from separate gas and electric meters, simplifying utility management. The property includes four assigned off-street parking spaces for tenants, a valuable amenity in this location. The asking price is $570,000. The property sits on a 0.1-acre lot and is a two-story structure. The Franklin County property (APN 010-053034) currently has 33% occupancy. This is a NNN lease type with three tenants. Serious inquiries only; curb offers are preferred. Please do not disturb tenants.

Highlights

  • $570,000 asking price for a stabilized mixed-use property.
  • 2,628 square feet on a 0.1-acre lot in Columbus, OH.
  • Three tenants in a triple-net (NNN) lease; one retail unit and two apartments.
  • Fully renovated in 2021, originally built in 1900; two-story building with four parking spaces.
  • 33% occupancy.

Property Details for 1220-1222 Parsons Ave

Property type
Retail properties, Mixed-use properties
Square Feet
2,628 SF
Year Built/Renovated
1900/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
4,356 SF
Units
3

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9386064
Longitude
-82.9830972

FAQs

What type of property is this?
Retail property - Stabilized, 3-unit retail & residential building
Where is the retail property located?
The property is located at 1220-1222 Parsons Ave Columbus, OH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: $570,000 asking price for a stabilized mixed-use property.; 2,628 square feet on a 0.1-acre lot in Columbus, OH.; Three tenants in a triple-net (NNN) lease; one retail unit and two apartments.
How can I contact the broker?
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1220-1222 Parsons Ave
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