145 E Rich Street

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145 E Rich Street

Columbus, OH 43215
Asking Price
$3.90M
Asset Type
Retail
Class
Class B

What's Special

145 E Rich Street is located in the heart of Downtown Columbus, situated within the high-growth Commons district. The property sits near major landmarks including the Columbus Commons park, the Main Library, and various government offices. This urban corridor features a high walkability score and is characterized by a mix of historic architecture and modern residential developments. The location is well-served by COTA transit lines and offers convenient connectivity to Interstates 70 and 71, providing easy access for commuters and local residents. The retail space is suited for businesses seeking proximity to a dense population of office professionals and urban residents. Ideal use cases include boutique retail, specialty services, or quick-service food and beverage concepts. Typical tenants include local independent retailers, fitness studios, or cafes that benefit from consistent daytime foot traffic and evening activity from the nearby residential towers. The street-level frontage offers visibility within a revitalized commercial block attractive to established local operators and growing regional brands.

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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865

Location & Travel Times