For Sale
$395,000

147 High StColumbus, OH 43215

High-traffic, renovated bar/retail space

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1,594 square foot commercial condo, located in the prestigious Brunson Building at 147 N High St, Columbus, OH 43215, presents a remarkable investment opportunity. Currently operating as a bar and storefront, this stabilized property boasts a 100% occupancy rate with a one-year remaining lease term. The asking price is $395,000, representing a compelling $247 per square foot and an attractive 11.38% cap rate, with a current NOI of $45,000. Completely renovated in 2024, this Class B property features high ceilings, expansive glass windows creating an open and inviting atmosphere, and a private rear area with direct access to the building's parking garage. Two ADA-compliant restrooms add to the convenience. The property benefits from excellent signage opportunities and high visibility, situated on North High Street with approximately 16,927 vehicles passing daily. The C4 zoning permits a variety of uses. This single-unit property is ideal for owner-occupants or investors seeking a prime location in the heart of downtown Columbus. The potential exists to combine this space with an adjacent 1,490 square foot unit (149 S High St) for a total of 3,084 square feet. The building also features 22 luxury residential condominiums above, creating a vibrant and desirable environment.

Highlights

  • 1,594 SF ground floor commercial condo in the Brunson Building, 147 N High St, Columbus, OH.
  • Potential to combine with adjacent 1,490 SF unit for a total of 3,084 SF.
  • High ceilings, large windows, and private rear area with garage access.
  • Two ADA-compliant restrooms.
  • Excellent signage opportunities with high visibility on North High Street (16,927 VPD).
  • Currently leased to a bar/storefront with one year remaining; $395,000 asking price ($247/SF, 11.38% cap rate, $45,000 NOI).

Property Details for 147 High St

Property type
Retail properties, Bars
Square Feet
1,594 SF
Class
B
Year Built/Renovated
1900/2024
Units
1

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.96534146
Longitude
-83.00121126
147 High St, Columbus, Ohio

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147 High St
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