Mixed-Use Income Property with
1264-1270 South High Street Columbus, OH 43206
1264-1270 South High Street, Columbus, OH, 43206
$3,700,000
For Sale
$3,700,000
Newly completed mixed-use property includes residential units and two leased commercial spaces through 2028.
Property Size21,308 SF
Price / SF$173.64
Days on Market24
Property Features for 1264-1270 South High Street
General Information
- Standard status
- Active
- Size
- 21,308 SF
- Property subtype
- Multi-Family / Mixed Use
Building Details
- Year Built
- 1939
Listing agency
Lim Realty Group
(614) 378-4086
Listed by
William Joseph Parizek · License #2022005822
(614) 378-4086
Source
Compass
Added: Jun 29 Updated: Jul 21 at 8:27AM Checked: Jul 21 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lim Realty Group
Investment Insights
Based on property information with market context.
This newly completed mixed-use property consists of two buildings separated by a landscaped central courtyard. The asset includes 18 residential units and two commercial spaces. Residential configuration includes 16 2/1 townhomes and two 2/1 flats. Updates were completed in 2025 with all-new interiors and modern finishes, with three residential units remaining in legacy condition due to long-term tenants.
Both commercial units are leased through 2028, creating in-place commercial income. Parking is available for both tenants and retail customers, with both on-street and off-street options.
The property is positioned as a turnkey residential income opportunity paired with long-term retail leases, supported by its recent renovation and established residential and commercial mix.
Both commercial units are leased through 2028, creating in-place commercial income. Parking is available for both tenants and retail customers, with both on-street and off-street options.
The property is positioned as a turnkey residential income opportunity paired with long-term retail leases, supported by its recent renovation and established residential and commercial mix.
Key Highlights
- 20‑unit mixed‑use property at 1264‑1270 S. High Street with 18 residential units and 2 commercial spaces
- Both commercial units are leased through 2028, providing in‑place commercial income
- Buildings feature 16 2/1 townhomes and two 2/1 flats, separated by a landscaped central courtyard
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $383.5k | $18.00 |
| − Vacancy | −$32.6k | −$1.53 |
| EGI | $350.9k | $16.47 |
| − OpEx | −$105.3k | −$4.94 |
| NOI | $245.7k | $11.53 |
21,308 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.51M
$3.07M – $4.09M
NOI $245,660 @ 7.0% cap · market cap 6.64%
Second Best
Mixed Use
$3.49M
$3.06M – $4.08M
NOI $244,509 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,849 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Newly completed mixed-use property includes residential units and two leased commercial spaces through 2028.
Where is this apartment building located?
The property is located at 1264-1270 South High Street Columbus, OH.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 20‑unit mixed‑use property at 1264‑1270 S. High Street with 18 residential units and 2 commercial spaces; Both commercial units are leased through 2028, providing in‑place commercial income; Buildings feature 16 2/1 townhomes and two 2/1 flats, separated by a landscaped central courtyard
