260 S 4th St - Apartments FOR SALE


Columbus, OH 43215
$7,900,000 USD
614-306-1020
260 S 4th St, Columbus, OH for Sale
$7,900,000 USD
Apartments - FOR SALE
1/11
null | 5.55% Cap Rate

260 S 4th St
Columbus, OH 43215


HIGHLIGHTS

  • High end apartments
  • Elevator apartment building with separate utilities
  • Separately fenced storage units in basement
  • Additional revenue with banner advertisements on south facing façade along with 55-space parking lot adjacent to building
  • Anchored by long term tenant Hadley’s Kitchen
  • Only one block off of the Columbus Commons

OVERVIEW

In the heart of Downtown Columbus, Ohio, the Stoddart Building, a National Historic Landmark since 1994, boasts a rich history. Constructed in 1911 by local architects David Riebel & Sons. This five-story architectural marvel features a red brick exterior, a flat roof, and a steel-reinforced concrete structure. With three bays on the west side and six on the north, it's a captivating example of timeless design. The top floor proudly bears the inscription "Stoddart 1911." In 2017, the building underwent a meticulous renovation that included the removal of all interior walls and a new mechanical system while still preserving its historical grandeur and façade. The Stoddart Building, situated at what is now the “Red Brick District”, S. 4th Street and Main Street in Columbus, Ohio, has evolved with the times. In 2017, it transformed into 52 apartments, breathing new life into this historic masterpiece. New ownership will benefit from upward pressure or rents and on billboard signage. Additionally, new ownership will capitalize on parking revenue generated from 55-space parking lot located directly south of the building in the Downtown market.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

51

PRICE/UNIT

$154,902

CAP RATE

5.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microliving @ 260 S 4th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1911

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

DD

APN/PARCEL ID

010-049245

ASK ABOUT THIS PROPERTY

Robert LambConnect Real EstateMore Info
614-306-1020

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Robert LambConnect Real EstateMore Info
614-306-1020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.