1472 High StHillsboro, OH 45133

Property Details for 1472 High St

Year built

1973

Lot size

15.01 AC

Property size (Sq ft)

68,946 SF

Property type

Retail properties

Property subtype

Community centers

APN

25-04-001-006.00

APU

250400100600

Description

Highland Plaza Shopping Center, located at 1472 N High St in Hillsboro, Ohio (zip code 45133), presents a compelling retail investment opportunity. This 75,950 square foot center boasts a prime location at the busiest intersection in Hillsboro, situated along US 62, a major north-south thoroughfare. The property features seven suites in total, with three currently available spaces ranging from 2,100 square feet to 10,169 square feet. Strong anchor tenants include Save-a-Lot and Family Farm & Home, providing significant traffic and visibility. National corporate tenants such as Sherwin Williams further enhance the center's appeal. The property also includes a 1.10-acre outlot available for development. Under new ownership, Highland Plaza has benefited from recent updates, site improvements, and capital investments, ensuring a well-maintained and attractive shopping destination. This is an exceptional opportunity to acquire a retail property in a thriving Ohio market with established tenants and high visibility. The property is located in Highland County and offers excellent potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $13,521,434

  6.5%

  $12,481,323

  7%

  $11,589,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,577,258

  Geo Method

  $21,577,258

• Alternative Use

  Use

  Valuation

  Residential

  $10,528,463

  Hospitality

  $9,644,016

  Educational

  $8,023,708

  Medical

  $8,299,656

  Retail

  $12,481,323

Location Insight

City

Hillsboro

County

Highland

State

Ohio

Latitude

39.2296

Longitude

-83.609

Property Tax & Assessments

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