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$ 270,000
Est. payment | /mo
1,924 SqFt
$ 270,000
Est. payment | /mo
1,924 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $140
MLS Listing ID 226029766
Year Built 1950
Annual Tax Amount $2,417
Lot Size 0.320 Acres
Lot Dimensions 0.32
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
A turnkey income-producing opportunity in Licking County featuring two tenants under one roof: a leased United States Postal Service location and a residential apartment.
Post Office Lease: The front of the building is leased to the USPS, currently in year 1 of a 5-year term, with two additional 5-year renewal options at fixed rate increases, offering a government tenant with long-term income potential. This portion of the building features a large covered porch and a concrete parking area, and received a new side entry door in 2025.
Residential Apartment: The rear of the building is a 2 bedroom, 1 bathroom apartment. The current tenant is a long-term occupant on a month-to-month lease with stated intentions to stay, offering an investor immediate income continuity along with flexibility for future rent adjustments. The unit includes a large rear yard, a detached garage, and a storage shed, and has recently been updated with a new mini-split HVAC system in 2024, a new water heater in 2022, and a new rear entry door in 2026. The residential tenant currently maintains the lawn and pays for trash.
Property-Wide Updates & Details: All structures received new roofs and gutters in 2025, and the main structure was updated with new siding in 2026 and a new electric panel in 2022. The property is served by public water and sewer, with water billed as a single account, while electric and gas are metered separately; the owner is responsible for taxes, insurance, and landlord maintenance. The property offers easy access to I-70.
This is an ideal addition for an investor seeking a diversified, dual-income asset with a stable government tenant and residential upside.
Post Office Lease: The front of the building is leased to the USPS, currently in year 1 of a 5-year term, with two additional 5-year renewal options at fixed rate increases, offering a government tenant with long-term income potential. This portion of the building features a large covered porch and a concrete parking area, and received a new side entry door in 2025.
Residential Apartment: The rear of the building is a 2 bedroom, 1 bathroom apartment. The current tenant is a long-term occupant on a month-to-month lease with stated intentions to stay, offering an investor immediate income continuity along with flexibility for future rent adjustments. The unit includes a large rear yard, a detached garage, and a storage shed, and has recently been updated with a new mini-split HVAC system in 2024, a new water heater in 2022, and a new rear entry door in 2026. The residential tenant currently maintains the lawn and pays for trash.
Property-Wide Updates & Details: All structures received new roofs and gutters in 2025, and the main structure was updated with new siding in 2026 and a new electric panel in 2022. The property is served by public water and sewer, with water billed as a single account, while electric and gas are metered separately; the owner is responsible for taxes, insurance, and landlord maintenance. The property offers easy access to I-70.
This is an ideal addition for an investor seeking a diversified, dual-income asset with a stable government tenant and residential upside.
Location
State OH
County Licking
Area 0.32
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 041-120342-00.000
Listed by Lindsay Higgins Howard Hanna Real Estate Svcs
Nearby School & Business