260 4Th St, Columbus, OH 43215
51 Unit Apartment Building | $7,900,000 ($154,902/Unit) | 5.55% Cap Rate | Columbus, OH 43215
For Sale
Active
Asking Price $7,900,000
- Property Type
-
Multifamily
- Square Feet
- 31,066 SF
Listing Contacts
Robert Lamb
Property Overview
In the heart of Downtown Columbus, Ohio, the Stoddart Building, a National Historic Landmark since 1994, boasts a rich history. Constructed in 1911 by local architects David Riebel & Sons.
This five-story architectural marvel features a red brick exterior, a flat roof, and a steel-reinforced concrete structure. With three bays on the west side and six on the north, it's a captivating example of timeless design. The top floor proudly bears the inscription "Stoddart 1911."
In 2017, the building underwent a meticulous renovation that included the removal of all interior walls and a new mechanical system while still preserving its historical grandeur and façade. The Stoddart Building, situated at what is now the “Red Brick District”, S. 4th Street and Main Street in Columbus, Ohio, has evolved with the times. In 2017, it transformed into 52 apartments, breathing new life into this historic masterpiece. New ownership will benefit from upward pressure or rents and on billboard signage. Additionally, new ownership will capitalize on parking revenue generated from 55-space parking lot located directly south of the building in the Downtown market.
This five-story architectural marvel features a red brick exterior, a flat roof, and a steel-reinforced concrete structure. With three bays on the west side and six on the north, it's a captivating example of timeless design. The top floor proudly bears the inscription "Stoddart 1911."
In 2017, the building underwent a meticulous renovation that included the removal of all interior walls and a new mechanical system while still preserving its historical grandeur and façade. The Stoddart Building, situated at what is now the “Red Brick District”, S. 4th Street and Main Street in Columbus, Ohio, has evolved with the times. In 2017, it transformed into 52 apartments, breathing new life into this historic masterpiece. New ownership will benefit from upward pressure or rents and on billboard signage. Additionally, new ownership will capitalize on parking revenue generated from 55-space parking lot located directly south of the building in the Downtown market.
Property Details
- Class
- B
- Year Built/Renovated
- 1911/2014
- Stories
- 5
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 51
Highlights
- High end apartments
- Elevator apartment building with separate utilities
- Separately fenced storage units in basement
- Additional revenue with banner advertisements on south facing façade along with 55-space parking lot adjacent to building
- Anchored by long term tenant Hadley’s Kitchen
- Only one block off of the Columbus Commons
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