4308 E Main Street, 1, Columbus, OH 43213
New Listing
$414,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$414,900
List Date:
3/09/2026
Last Modified:
3/10/2026
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!
Supplements: ********
More Information MLS# 226006766
Location & Property Info
List Price/SqFt: 187.99
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Whitehall
Office/Contract Info
For Sale: Yes
Exchange: Yes
General Property Info
# of Buildings: 1
Built Prior to 1978: Yes
Total Parking: 8
Building Sqft: 2207
Number of Units: 8
Year Built: 1953
Acreage: 0.14
Tax Info
Tax Abatement: No
Taxes (Yrly): 4131.68
Tax Incentive: No
Parcel #: 090-003811-00
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: 1
Efficiency
Efficiency # of Units: 7
Efficiency Month Rent Per Unit: 620
Expenses
R.E. Taxes: 4131
Property Management: 2100
Construction
Brick: 1
Heat Fuel
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Other
Other # of Units: 1
Other Month Rent Per Unit: 2000
Tenant Pays
Sewer: 1
Water: 1
Electricity: 1
Alternate Uses
Bed & Breakfast: 1
Commercial: 1
Office: 1
Rooming House: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Other: 1
New Financing
Conventional: 1
Air Conditioning
Other: 1
Owner Pays
Trash: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 414900
List Price: $414,900
Property Sub Type: Mixed Use
Street #: 4308
Street PreDirection: E
Street Name: Main
Street Suffix: Street
Unit/Suite #: 1
County: Franklin
State: OH
Zip Code: 43213
School District: WHITEHALL CSD 2515 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-06
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Trash
Tenant Pays: Electricity; Sewer; Water
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: March – 10 – 2026
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