1230 Central College RdWesterville, OH 43081

Property Details for 1230 Central College Rd

Year built

1900

Lot size

0.52 AC

Property size (Sq ft)

2,705 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of four income-producing units situated on a 0.52-acre lot in Westerville, Ohio. The property consists of two parcels, encompassing a historic 1868 commercial building (formerly used as a church, school, and bait store), a single-family home, and a duplex, all currently 100% occupied. The combined square footage totals 2,705 square feet, offering significant potential for various uses. Its strategic location on the highly visible corner of Sunbury Road and Central College Road, steps from the Hoover Reservoir and minutes from major freeways, New Albany, and the new Intel complex, ensures high visibility and accessibility. The property is zoned RES-COMM, allowing for diverse possibilities, including continued operation as a rental portfolio, redevelopment into higher-density housing, or conversion into a mixed-use commercial and residential development. The asking price is $649,900, representing a price per unit of $162,475. This presents a rare chance to acquire a multi-use property with substantial income potential and significant upside in a thriving Ohio market. The property's history and location offer a unique blend of character and convenience, making it an attractive investment for both seasoned and aspiring real estate investors. The Westerville school district serves the area. The property's APN is 080-010421.

Location Insight

City

Westerville

County

Franklin

State

Ohio

Latitude

40.1024

Longitude

-82.8875

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