REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 849,000
Est. payment | /mo
21,096 SqFt
$ 849,000
Est. payment | /mo
21,096 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,096 sqft
Price per Sqft $40
Subdivision King Lincoln
MLS Listing ID 226024948
Year Built 1920
Annual Tax Amount $7,836
Lot Size 0.280 Acres
Lot Dimensions 0.28
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Seller is motivated, appraised at $1 million. Located in an Opportunity Zone (tax incentives for redevelopment!), 1081-1087 Mt Vernon Avenue offers 3 storefronts, a parking lot, and 3 stories of mixed-use commercial space ready for new ownership. Set on the corner of Mt. Vernon Ave and 20th St. in the King Lincoln Historical District and available for sale for the first time since 1967, this past owned and operated family pharmacy is ready for new life. Redevelop all three spaces or combine into one project. Create retail/restaurant spaces below and condos/apartments above. Over 20,000 sqft. of possibility. Basement access for each of the 3 buildings. 2nd and 3rd floor access to apartment/condo spaces. Parking lot for 8-10 cars. Across the street, Mount Vernon Plaza is slated for a $20 million redevelopment that will include the addition of 12,000 square feet of retail and 57 units of affordable housing. Target completion in 2028. Sold as is where is. Appraisal and structural report available in Documents section as well as information on Opportunity Zones. Agent related to Seller. Agents, please see A2A remarks and documents section.
Location
State OH
County Franklin
Community King Lincoln
Area 0.28
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 010-003949
Listed by Kathleen Kikta Red 1 Realty
NEARBY SCHOOLS & PROPERTIES
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”