633-635 High StWorthington, OH 43085

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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