50-52 S Main StreetLondon, OH 43140

50-52 S Main StreetLondon, OH 43140

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$789,900 Active
Commercial - Business MLS 225030411
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Listed By

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

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 and 1 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 $789,900. Search London real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 279
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 2025 Change up 7.1%
2010 Count 43,435
2020 Count 43,824
2025 Estimate (V2025) 46,985
2020 Estimate (V2025) 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 55.1%
Female 44.9%
Place of Birth
Foreign 2.2%
US 97.8%
Education
High School Graduate, Age 25+ 89.6%
Bachelor's Degree or Higher, Age 25+ 24.2%
Computer and Internet use
Households with a computer 94.9%
Households with a broadband Internet subscription 90.7%
Language
English is Second Language, Age 5+ 5.7%
English is First Language, Age 5+ 94.3%
Veterans
Veterans 2,699
Income
Per Capita Income $38,124
Median Household Income $87,045
People in Poverty 8.8%
Commute
Average Work Commute Time 25 minutes
Housing
Total Housing Units 16,143
Households 15,686
Average Household Size 2.55
Owner-Occupied 77.5%
Multi-Family 13.2%
Owner-Occupied Median Value $250,100
Median selected monthly owner costs -with a mortgage $1,582
Median selected monthly owner costs -without a mortgage $618
Median gross rent $943
Building Permits
New Private Housing Issued 2024 519
Years at Residence
1 Year or More 86.9%
Less Than 1 Year 13.1%
Business and Employment
Private non-farm Establishments 723
Private non-farm Employment 18,238
Private non-farm Employment Growth up 6.6%
Nonemployer Establishments 3,212
Number of Firms 724
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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