50-52 S Main StreetLondon, OH 43140

50-52 S Main StreetLondon, OH 43140

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$799,900 Active
Commercial - Business MLS 225030411
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Listed By

Agency Name: Red 1 Realty
Agency Phone: 614-585-9020
Agent Name: Taras Posykalyuk

Shown By

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

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Property Description

Unique property located in the heart of London, OH. Retail space on the first floor that is leased thru August 2027. 3 Residential units on the second floor. Great cash flow opportunity @ a 10% CAP RATE. All units have brand new HVAC units and all new appliances, including a washer and dryer in each unit. Pictures are of exterior, 1 bed unit, and 3 bed unit.

50-52 S Main Street | MLS# 225030411

This commercial property located at 50-52 S Main Street, London, OH 43140 is currently listed for sale with an asking price of $799,900. Search London real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 209
Lot Size: 0.04 Acres
Year Built: 1890

Feature Descriptions

Parcel #: 31-02960.000

Demographics

Madison County Demographic Information for 50-52 S Main Street, London, OH 43140
Fips
Fips Code 39097
Population
2020 to 2023 Change up 1.8%
2010 Count 43,435
2020 Count 43,824
2023 Estimate (V2023) 44,602
2020 Estimate (V2023) 43,843
Age Distribution (Years Old)
0 to 4 5.1%
5 to 17 20.8%
18 to 64 59.2%
65 and Older 14.9%
Gender
Male 55.0%
Female 45.0%
Place of Birth
Foreign 1.9%
US 98.1%
Education
High School Graduate, Age 25+ 88.8%
Bachelor's Degree or Higher, Age 25+ 20.4%
Computer and Internet use
Households with a computer 93.4%
Households with a broadband Internet subscription 89.1%
Language
English is Second Language, Age 5+ 5.1%
English is First Language, Age 5+ 94.9%
Veterans
Veterans 2,598
Income
Per Capita Income $33,512
Median Household Income $77,062
People in Poverty 10.0%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 16,143
Households 15,264
Average Household Size 2.57
Owner-Occupied 75.9%
Multi-Family 13.2%
Owner-Occupied Median Value $201,200
Median selected monthly owner costs -with a mortgage $1,424
Median selected monthly owner costs -without a mortgage $547
Median gross rent $899
Building Permits
New Private Housing Issued 2023 274
Years at Residence
1 Year or More 85.9%
Less Than 1 Year 14.1%
Business and Employment
Private non-farm Establishments 711
Private non-farm Employment 15,740
Private non-farm Employment Growth up 6.6%
Nonemployer Establishments 3,013
Number of Firms 2,967
Business Production
Value of Shipments $1,328,540,000
Wholesale Trade $0
Retail Trade $1,745,971,000
Retail Sales Per Capita $0
Accommodation and Food Services $51,887,000
Land
Land Area 465.88 sq. miles
Population Per Square Mile 94

Source: US Census Bureau

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