6 2Nd StLondon, OH 43140

Property Details for 6 2Nd St

Year built

1920

Lot size

0.07 AC

Property size (Sq ft)

5,740 SF

Property type

Office properties

Property subtype

Other office properties

APN

31-03274.000

APU

3103274000

Description

This exceptional property in downtown London, Ohio, offers two renovated suites totaling 5,740 square feet across two buildings. The property, built in 1920 and extensively renovated in 2019, boasts a Class B designation and is zoned B3. It features a mix of office and retail spaces, ideal for a variety of uses including medical offices, coworking spaces, or executive offices. The two-story building offers multiple tenancy options. One available suite, at 1,100 square feet, is located on the first floor and is ADA compliant. This unit features two private offices in the rear and a large front area perfect for retail or office use, showcasing high ceilings to create an open and inviting atmosphere. A second suite, ranging from 1,000 to 2,100 square feet, is also available. The property's central location in London, Ohio, at 6 E 2nd St, 43140, provides excellent visibility and accessibility. This is a rare opportunity to secure versatile commercial space in a thriving downtown area. The property's recent renovations ensure modern amenities and functionality, making it an attractive option for businesses seeking a well-maintained and conveniently located space. Inquire today to learn more about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $857,834

  6.5%

  $791,847

  7%

  $735,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $536,920

  Geo Method

  $536,920

• Alternative Use

  Use

  Valuation

  Residential

  $981,891

  Hospitality

  $899,406

  Educational

  $748,296

  Medical

  $774,031

  Retail

  $1,164,016

Location Insight

City

London

County

Madison

State

Ohio

Latitude

39.8857

Longitude

-83.4471

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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