42 W High St, Springfield, OH 45502, Springfield, OH 45502
sale
$495,000
|
Retail
Courtesy Of Coldwell Banker Heritage
42-44 W High Street is a mixed-use building in the heart of downtown Springfield, offering in-place income with a clear path to added value. The property spans approximately 11,600 square feet above grade across three levels, plus an approximately 5,500-square-foot walk-out basement, on a 0.147-acre lot. Ownership has invested approximately $73,000 in recent capital improvements - a complete roof repair, two fully renovated apartments (new flooring, fresh paint, and new appliances), and a refreshed common hallway with new flooring, a tile entryway, new light fixtures, and fresh paint. Flooring and electrical materials for an additional unit convey with the sale. The four upper-floor apartments are generously sized and full of historic character - high ceilings, decorative fireplaces, pocket doors, ornate tilework, and private deck areas. Units of this size support market rents of $1,200 or more, and a new owner could readily add a modest $50 per month water and trash fee. The approximately 5,255-square-foot ground-floor retail is leased month-to-month and currently well below market, giving a new owner the flexibility to adjust rent, re-tenant, or reposition. The retail tenant pays their own utilities. A well-located historic asset combining steady current income with a straightforward path to added value in a walkable downtown core. Offered by Pat Williams, Coldwell Banker Commercial | Heritage. Call for more details.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: K7SE5H
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