116 E Moler Street Columbus, OH 43207

116 E Moler Street Columbus, OH 43207

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$4,350,000 Active
Commercial - Retail MLS 226013266
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Listed By

Agency Name: Verti Commercial Real Estate L
Agency Phone: 380-215-6046
Agent Name: Brett A Ludwig

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Introducing an exceptional investment opportunity in the heart of Columbus, Ohio. This impressive property, built in 1923 and renovated in 2023, offers an 18,941 SF building with 4 units, showcasing timeless character and modern functionality. Boasting 100% occupancy and NNN leases, this prime location presents a compelling prospect for retail/street retail investors seeking a stable and lucrative asset. Value add opportunities in play include a finish-ready basement space (HVAC and plumbing in place) and untapped income through a 23-space parking lot that can be monetized by re-zoning and developing, adding substantial asset value. This well-maintained building exudes a captivating blend of historic charm and contemporary appeal, making it an ideal choice for investors looking to capitalize on a property with a strong leasing history and remarkable potential for sustained growth and success.

116 E Moler Street | MLS# 226013266

This commercial property located at 116 E Moler Street , Columbus, OH 43207 is currently listed for sale with an asking price of $4,350,000. Search Columbus real estate on 212caseroad.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Days on Market: 10
Lot Size: 0.33 Acres
Taxes: $15,810
Year Built: 1923

Feature Descriptions

Parcel #: 010-037613
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Demographics

Franklin County Demographic Information for 116 E Moler Street , Columbus, OH 43207
Fips
Fips Code 39049
Population
2020 to 2025 Change up 2.9%
2010 Count 1,163,414
2020 Count 1,323,807
2025 Estimate (V2025) 1,361,536
2020 Estimate (V2025) 1,323,810
Age Distribution (Years Old)
0 to 4 6.3%
5 to 17 23.0%
18 to 64 57.0%
65 and Older 13.7%
Gender
Male 49.1%
Female 50.9%
Place of Birth
Foreign 13.0%
US 87.0%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 42.1%
Computer and Internet use
Households with a computer 97.1%
Households with a broadband Internet subscription 94.1%
Language
English is Second Language, Age 5+ 16.7%
English is First Language, Age 5+ 83.3%
Veterans
Veterans 52,088
Income
Per Capita Income $43,731
Median Household Income $75,176
People in Poverty 13.9%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 553,099
Average Household Size 2.36
Owner-Occupied 52.8%
Multi-Family 36.6%
Owner-Occupied Median Value $288,400
Median selected monthly owner costs -with a mortgage $1,781
Median selected monthly owner costs -without a mortgage $748
Median gross rent $1,302
Building Permits
New Private Housing Issued 2024 8,122
Years at Residence
1 Year or More 83.1%
Less Than 1 Year 16.9%
Business and Employment
Private non-farm Establishments 30,700
Private non-farm Employment 695,387
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 125,504
Number of Firms 21,489
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187

Source: US Census Bureau

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