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309 S 4th St
Columbus, OH 43215
The Mercantile · Multifamily Property For Sale
·
41 Units
Executive Summary
The Mercantile is a fully refurbished historical building featuring original exposed timber beams and top of the line architectural features throughout. Boasting total of 41 units, 5 of which are luxury penthouses (with gas appliances) and 3 commercial units. The landmark building includes 2 elevators, front lobby reception, underground storage, fitness center, cutting edge security features, a rooftop that can be developed into iconic retail space or additional tenant amenities and parking lot including 30 spaces. Standard finishes include quartz counters, stainless appliance packages, in-unit laundry, wood floors, and LED backlit mirrors. 100% property tax abatement in place until 2034. 3 total parcels included in sale.
Property Facts
| Price Per Unit | $321,888 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 41 | Building Size | 53,662 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1902/2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.56/1,000 SF |
| Zoning | DD - Downtown District | ||
| Price Per Unit | $321,888 CAD |
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 53,662 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1902/2022 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | DD - Downtown District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 550 |
| 1+1 | 16 | - | 644 - 1,139 |
| 1+1.5 | 3 | - | 753 - 759 |
| 2+1 | 3 | - | 621 |
| 2+2 | 11 | - | 955 - 2,356 |
| 2+2.5 | 2 | - | 2,061 - 2,598 |
Property Taxes
| Parcel Number | 010-044614 | Improvements Assessment | $2,312,282 CAD |
| Land Assessment | $222,064 CAD | Total Assessment | $2,534,345 CAD |
Property Taxes
Parcel Number
010-044614
Land Assessment
$222,064 CAD
Improvements Assessment
$2,312,282 CAD
Total Assessment
$2,534,345 CAD
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