116 E Moler Street, Columbus, OH 43207
New Listing
$4,350,000
Property Type:
Commercial
Square Footage:
18,941
Lot Size (sq. ft.):
14,375
Status:
Active
Current Price:
$4,350,000
List Date:
4/22/2026
Last Modified:
4/22/2026
Overview
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.
Listing Details MLS# 226013266
Location Property Info
- Original List Price
- 4350000
- Property Sub Type
- Retail
- Street #
- 116
- Street PreDirection
- E
- Street Name
- Moler
- Street Suffix
- Street
- County
- Franklin
- State
- OH
- Zip Code
- 43207
- Subdiv/Cmplx/Comm
- Merion Village
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-04-22
General Property Info
- Bldg Sq Ft
- 18941
- # of Floors Above Gr
- 2
- Total Parking
- 23
- Year Built
- 1923
- Use Code
- 429 - OTHER RETAIL STRUCTURES
- Acreage
- 0.33
- Total SqFt Available
- 0
- Max Cont Sqft Avail
- 0
- Minimum Sqft Avail
- 0
- # of Docks
- 0
Tax Info
- Parcel #
- 010-037613
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-033452-00
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 15810
- Tax Incentive
- No
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
More Information
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 73.97
Remarks & Misc
- 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.
Property Condition
- Updated/Remodeled
- Yes
Income/Expenses
- Gross Income
- 386300
- Net Operating Income
- 289250
- Total Expenses
- 97050
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Property Condition:
Updated/Remodeled
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Verti Commercial Real Estate L
Listing Agent:
Brett A Ludwig
Last Updated: April - 22 - 2026
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