1555-1563 4Th StColumbus, OH 43201

Property Details for 1555-1563 4Th St

Year built

1920

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

10,751 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

010-047250

APU

10047250

Description

This exceptional 15,508-square-foot special purpose property, located at 1555-1563 N 4th Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1920 and fully renovated, the building boasts a prime location in the heart of the Ohio State University campus. Currently operating at 89% occupancy, the property features three retail units, offering a value-add potential through conversion to triple-net (NNN) leases upon expiration of existing agreements. Six residential units are currently leased for the upcoming school year, commanding monthly rents between $2600 and $2700. The property includes $20,000 in recently installed laundry equipment. All utilities (gas, water, and electric) are sub-metered for efficient management. A significant advantage is the tax abatement, extending until 2029, providing substantial tax savings. The 6,969.6-square-foot lot offers potential for future expansion or redevelopment. The asking price is $1,750,000, translating to $112.84 per square foot. A potential condo conversion exit strategy is also available. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $2,547,438

  6.5%

  $2,351,481

  7%

  $2,183,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,558,755

  Geo Method

  $1,558,755

• Alternative Use

  Use

  Valuation

  Residential

  $2,351,481

  Hospitality

  $2,153,944

  Educational

  $1,792,056

  Medical

  $1,853,688

  Retail

  $2,787,642

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.995

Longitude

-82.9994

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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