565 High StColumbus, OH 43215

Property Details for 565 High St

Year built

2003

Lot size

0.16 AC

Property size (Sq ft)

12,223 SF

Property type

Retail properties

Property subtype

Retail space

APN

010-008683

APU

10008683

Description

This exceptional Columbus, Ohio retail investment opportunity, known as The Cap at Union Station, presents a compelling 25,895 square foot portfolio of restaurant spaces. Built in 2004 on a unique bridge structure, the property boasts a prime location adjacent to the Columbus Convention Center and the newly expanded 1,000-room Downtown Hilton, the largest hotel in Ohio. Its strategic placement offers unparalleled access to high foot traffic, placing it within walking distance of the vibrant Short North Arts District and Nationwide Arena, home to the Columbus Blue Jackets. The property's design cleverly echoes the aesthetic of the former Union Station, seamlessly integrating into the urban landscape. The lightweight construction of the single-story building contributes to its efficient operation. The portfolio includes established restaurant brands: Hyde Park, Parlay, Rivington, and El Vaquero. With a strong net operating income (NOI) of $758,406 and a 7.75% capitalization rate, this investment offers significant potential for growth and return. The property's location at 565 N High St, Columbus, OH 43215, in Franklin County, ensures high visibility and accessibility. This unique offering represents a rare chance to acquire a well-established, high-performing retail portfolio in a thriving downtown Columbus location. The property's design successfully reconnects the downtown area with the Short North neighborhood, creating a pedestrian-friendly environment that enhances its appeal and value.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9741

Longitude

-83.0025

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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