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 9% 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.
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 9% 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.
Unique opportunity to own 3 units in Newport. Front building can be a business with an attached apartment. Front units were both used as residential recently. 3rd unit is a small efficiency-style home. All 3 units share one well but front building and small house each have a septic tank and leech field. New roof on all 3 units 10-2024. Front unit has electric furnace, other 2 have electric baseboard heat.
24 South Main Street is an Commercial Retail Storefront in the heart of Downtown London, which has begun its transformation with hundreds of thousands of dollars being invested in the Downtown Core. This building would make an excellent owner-user or investment property with a Pro Form Cap Rate of 7+%. Highlights include: -Hardwood floors throughout. -Located in the Historic District of downtown London in proximity to significant redevelopment including renovated apartments and new storefronts. -Lots of natural lights via skylights and large storefront windows. -Abundant street parking. -Roof and furnace have been replaced in the last 10 years. The entire property was gutted and renovated in 2012. -The space is equipped with ceiling fans throughout, a sound system, and security
Garage will be demolished by seller. Commercial/Multi Family opportunity on the corner of Old 40 and OH-56, offering 3 parcels. The larger building is 3,600 sq ft, featuring a vast open space with 2 bathrooms, a kitchen, and multiple office spaces. New HVAC system installed. Multiple use options available. Somerford area is gaining sewer access, enhancing future potential. Ideal for businesses seeking flexibility and room for expansion.
Historic charm meets modern functionality in this prime downtown London property. Spanning 5,740 sqft., this professionally renovated gem boasts two interconnected buildings suitable for commercial, medical, or retail purposes. Partially leased with gross rents of $4,200/month, it offers flexible options for tenants to convey post-purchase. The entry-level features ADA-compliant facilities, private offices, a kitchen, and a spacious conference room. Upstairs, find additional offices, a versatile studio space, and more. Renovated in 2019, it retains its historical allure while offering contemporary amenities. Situated amidst Main Street renovations, future retail, restaurants, and Airbnb opportunities await nearby.
London is located in Ohio. London, Ohio has a population of 10,362. London is less family-centric than the surrounding county with 28.72% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in London, Ohio is $58,606. The median household income for the surrounding county is $72,811 compared to the national median of $69,021. The median age of people living in London is 41.1 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 39.7 inches per year, with 20.4 inches of snow per year.