68 High StNew Albany, OH 43054

  • Office properties
  • 6,480 SF
For Lease
$0.06/SF/YR View listing

Property Details for 68 High St

Year built
2005
Construction
WOOD
Lot size
0.07 AC
Property size (Sq ft)
6,480 SF
Property type
Office properties
Property subtype
Other office properties
APN
222-003546
APU
222003546

Description

This exceptional New Albany, Ohio commercial property, located at 68 N High Street (APN 222-003545-00), offers a unique opportunity for businesses seeking high visibility and convenient access. The Georgian-brick building boasts 3,240 square feet of space, currently configured as a single-tenant occupancy. A significant portion, 2,090 square feet, is immediately available. The property features excellent roadside frontage on North High Street, directly across from New Albany Elementary Schools, ensuring high traffic and easy client accessibility. Its location also provides proximity to local amenities such as Eagles Pizza. The lot size is 0.07 acres. The building is ideal for medical, financial, or upscale general office use. For qualified tenants, the owner is offering a tenant improvement (TI) package including new LED lighting, fresh paint, and luxury vinyl plank/carpet installation as needed. While the owner will not undertake extensive remodeling, this attractive TI allowance allows for customization to suit specific business needs. The owner may consider leasing the entire 3,240 square foot building. This property presents a compelling opportunity for a business seeking a prominent location in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,232,348
    6.5%
    $1,137,552
    7%
    $1,056,298
  • Comparable approach

    Method
    Valuation
    Relative Method
    $606,139
    Geo Method
    $606,139
  • Alternative Use

    Use
    Valuation
    Residential
    $1,410,564
    Hospitality
    $1,292,069
    Educational
    $1,074,986
    Medical
    $1,111,957
    Retail
    $1,672,201
68 High St, New Albany, Ohio

Location Insight

City
New Albany
County
Franklin
State
Ohio
Latitude
40.0843
Longitude
-82.8083
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,928
$45,920
$308,070
$353,990
-
$131,200
$880,200
$1,011,400

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