1012 High StWorthington, OH 43085

Property Details for 1012 High St

Year built

1960

Lot size

0.32 AC

Property size (Sq ft)

3,594 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

100-001121

APU

100001121

Description

This exceptional 3,594 square foot commercial property, located at 1012 N High St in Worthington, Ohio (zip code 43085), presents a unique investment opportunity. Built in 1960, this traditional office building sits on a 0.32-acre corner lot, offering excellent visibility and accessibility. The property's strategic location is directly across from the planned development of the United Methodist Children's Home, providing significant potential for growth and high traffic. The building features a substantial, built-out basement, adding considerable usable space. Currently zoned as Commercial (C-3) by the City of Worthington, this versatile property is situated approximately one-third of a mile north of Old Worthington, at the intersection of State Route 161 and High Street. The asking price is $532,500, translating to $148.16 per square foot. This represents a compelling opportunity for investors seeking a well-located, adaptable commercial space in a thriving Ohio community. The property's history as a daycare center suggests potential for various uses, subject to necessary permits and approvals. Its size and location make it suitable for a range of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $477,612

  6.5%

  $440,873

  7%

  $409,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,610

  Geo Method

  $386,610

• Alternative Use

  Use

  Valuation

  Residential

  $559,266

  Hospitality

  $512,285

  Educational

  $426,215

  Medical

  $440,873

  Retail

  $663,001

Location Insight

City

Worthington

County

Franklin

State

Ohio

Latitude

40.0948

Longitude

-83.0174

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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