4308 E Main Street, 1, Columbus, OH 43213
$385,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$385,000
List Date:
4/10/2026
Last Modified:
6/05/2026
Overview
Description
*VALUE-ADD MIXED-USE INVESTMENT | 7 UNITS + COMMERCIAL FRONTAGE*
Opportunity awaits at 4308 E Main Street, offering immediate income and long-term redevelopment potential in a high-visibility corridor.
The property features a ready to build front office/commercial space paired with seven recently renovated private studio units (1 bed / 1 bath each) located in the rear of the building. Originally constructed as a motel, the property has been operating as rental units and generates approximately $625 per month per unit, creating a stable income stream for investors. The office space was previously rented for $2,000 a month and includes highly visible road signage.
Beyond its current use, the flexible layout opens the door for numerous value-add opportunities. The building could continue operating as rental units or be repositioned for a variety of commercial uses, such as a beauty or wellness salon, professional office suites, small business incubator, motel, or service-based business hub.
Located along East Main Street, the property benefits from strong daily traffic counts and convenient access to downtown Columbus, Bexley, Whitehall and major highways, making it attractive for both tenants and business owners.
Whether you're an investor seeking cash flow or an entrepreneur looking for a flexible commercial space with built-in income potential, this property presents a rare opportunity to capitalize on a unique layout and prime location.
Schedule a tour and own your piece of Columbus today!
Listing Details MLS# 226006766
Location Property Info
- Original List Price
- 414900
- Property Sub Type
- Mixed Use
- Street #
- 4308
- Street PreDirection
- E
- Street Name
- Main
- Street Suffix
- Street
- Unit/Suite #
- Yes
- County
- Franklin
- State
- OH
- Zip Code
- 43213
- School District
- WHITEHALL CSD 2515 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2026-03-06
General Property Info
- Number of Units
- 8
- # of Buildings
- Yes
- Total Parking
- 8
- Building Sqft
- 2207
- Year Built
- 1953
- Built Prior to 1978
- Yes
- Acreage
- 0.14
Tax Info
- Parcel #
- 090-003811-00
- Tax Abatement
- No
- Taxes (Yrly)
- 4131.68
- Tax Incentive
- No
Status Change Info
- Under Contract Date
- 2026-03-25
- Sold Date
- 2026-06-03
- Sold Price/SqFt
- 174.44
Efficiency
- Efficiency # of Units
- 7
- Efficiency Month Rent Per Unit
- 620
More Information
Other
- Other # of Units
- Yes
- Other Month Rent Per Unit
- 2000
Expenses
- R.E. Taxes
- 4131
- Property Management
- 2100
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 187.99
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Whitehall
Office/Contract Info
- For Sale
- Yes
- Exchange
- Yes
Remarks & Misc
- Property Description
- *VALUE-ADD MIXED-USE INVESTMENT | 7 UNITS + COMMERCIAL FRONTAGE* Opportunity awaits at 4308 E Main Street, offering immediate income and long-term redevelopment potential in a high-visibility corridor. The property features a ready to build front office/commercial space paired with seven recently renovated private studio units (1 bed / 1 bath each) located in the rear of the building. Originally constructed as a motel, the property has been operating as rental units and generates approximately $625 per month per unit, creating a stable income stream for investors. The office space was previously rented for $2,000 a month and includes highly visible road signage. Beyond its current use, the flexible layout opens the door for numerous value-add opportunities. The building could continue operating as rental units or be repositioned for a variety of commercial uses, such as a beauty or wellness salon, professional office suites, small business incubator, motel, or service-based business hub. Located along East Main Street, the property benefits from strong daily traffic counts and convenient access to downtown Columbus, Bexley, Whitehall and major highways, making it attractive for both tenants and business owners. Whether you're an investor seeking cash flow or an entrepreneur looking for a flexible commercial space with built-in income potential, this property presents a rare opportunity to capitalize on a unique layout and prime location. Schedule a tour and own your piece of Columbus today!
Income/Expenses
- Gross Income
- 21000
- Net Operating Income
- 10000
- Total Expenses
- 11000
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Alternate Uses
- Bed & Breakfast
- Yes
- Commercial
- Yes
- Office
- Yes
- Rooming House
- Yes
Heating
- Other
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Other
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Owner Pays:
Trash
Heat Fuel:
Electric
Heating:
Other
Air Conditioning:
Other
Construction:
Brick
Water Source:
Public
Sewer:
Public Sewer
Services Available:
Electricity Available; Sewer Available; Water Available
Alternate Uses:
Bed & Breakfast; Commercial; Office; Rooming House
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Coldwell Banker Realty
Listing Agent:
Zack W Linder
Last Updated: June - 05 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.