633-635 High StWorthington, OH 43085

  • Mixed-use properties
  • 3,750 SF
For Sale
$900,000 View listing

Property Details for 633-635 High St

Year built
1900
Construction
WOOD
Lot size
0.06 AC
Property size (Sq ft)
3,750 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
100-000225
APU
100000225

Description

This exceptional 3,750 square foot multi-tenant property, located at 633-635 High Street in Worthington, Ohio, presents a unique investment opportunity. The building, situated on a 0.054-acre lot (APN 100-000225-00), boasts a prime location within Worthington's thriving retail corridor, just 15 minutes north of downtown Columbus. Currently 100% occupied by five tenants with a remaining lease term of 0.5 years, this offers significant rental upside potential, with current rents approximately 50% below market value. The property's C4 zoning allows for flexibility in future use. Built in 1817 and renovated in 1917/1926, this historic storefront and traditional office space offers an owner-user opportunity, with the possibility of occupying approximately 2,000 square feet of retail space on a month-to-month lease. The asking price is $900,000, translating to $240 per square foot. Worthington's consistently strong housing market and its renowned farmer's market further enhance the property's investment appeal. This irreplaceable piece of Worthington history hasn't changed hands in nearly 40 years, presenting a rare chance to acquire a landmark property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $509,814
    6.5%
    $470,598
    7%
    $436,984
  • Comparable approach

    Method
    Valuation
    Relative Method
    $350,775
    Geo Method
    $350,775
  • Alternative Use

    Use
    Valuation
    Residential
    $583,541
    Hospitality
    $534,521
    Educational
    $444,715
    Medical
    $460,009
    Retail
    $691,779
633-635 High St, Worthington, Ohio

Location Insight

City
Worthington
County
Franklin
State
Ohio
Latitude
40.0867
Longitude
-83.0185
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
$11,094
$12,470
$107,320
$119,790
-
$35,600
$306,600
$342,200

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