147 High StColumbus, OH 43215

Property Details for 147 High St

Year built

2004

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

5,240 SF

Property type

Office properties

Property subtype

Office buildings

APN

025-000129

APU

25000129

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,013,609

  6.5%

  $935,639

  7%

  $868,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,150

  Geo Method

  $490,150

• Alternative Use

  Use

  Valuation

  Residential

  $1,160,193

  Hospitality

  $1,062,730

  Educational

  $884,179

  Medical

  $914,587

  Retail

  $1,375,390

Location Insight

City

Gahanna

County

Franklin

State

Ohio

Latitude

40.0215

Longitude

-82.8785

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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