Retail Storefront with Salon
153 N High Street, Gahanna, OH 43230
For Sale
$459,000
Existing plumbing, salon stations, and rear flex space support personal-care or complementary retail use.
Property Size1,280 SF
Price / SF$358.59
Days on Market68
Property Features for 153 N High Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
reception/waiting area
climate-controlled flex space
gas fireplace
Building Details
Building Size
Year Built
Stories
Listing Agency:
RE/MAX Town Center
(614) 428-7444
Listed By:
Brian B Phillips · License #354681
(740) 973-0350
Source:
Douglaskeycresolutions
Added: Sep 3
Changed: Nov 7
Last Checked: Nov 8 at 7:11PM
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 RE/MAX Town Center
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Investment Insights
Based on property information with market context.
This 1,280-square-foot retail storefront is configured for salon or barber use, with a reception and waiting area and five plumbed stations. An additional 500+/- square feet of climate-controlled space sits at the rear. Fixtures may remain with the sale, while the operating business is excluded. The property was built in 1953 and is zoned C.
Capital improvements include plumbing work in 2017; roof, water heater, rear deck, gas fireplace and lantern restoration, and rear sliding glass door in 2018; detached garage roof in 2021; front door in 2022; and HVAC system in 2023. Street parking is available in front, with additional parking spaces behind the building.
Capital improvements include plumbing work in 2017; roof, water heater, rear deck, gas fireplace and lantern restoration, and rear sliding glass door in 2018; detached garage roof in 2021; front door in 2022; and HVAC system in 2023. Street parking is available in front, with additional parking spaces behind the building.
Key Highlights
- Five plumbed salon or barber stations with reception and waiting area
- 500+/- square feet of climate‑controlled rear flex space
- Fixtures may remain; existing business is not part of the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,872
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
$297.4K
Cap Rate 7%
$212,457
$212.5K
Cap Rate 9%
$165,244
$165.2K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$28.0K $21.84/SF
− Vacancy
−$6.7K −$5.24/SF
EGI
$21.2K $16.60/SF
− OpEx
−$6.4K −$4.98/SF
NOI
$14.9K $11.62/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
Cap Rate 7%
$212,457
Cap Rate 9%
$165,244
Alternative Uses
Best Use
Retail
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.8K
$212.5K – $283.3K
NOI $16,997 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Franklin County, OH
Properties on Market for Storefront properties in Franklin County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Kroger Floral — Gahanna, OH 43230
- Rees Flowers & Fine Gifts — 249 Lincoln Cir, Gahanna, OH 43230
- Rees Flowers & Gifts, Inc. — 249 lincoln cir, gahanna, oh 43230
Frequently Asked Questions
What type of property is this?
Storefront property - Existing plumbing, salon stations, and rear flex space support personal-care or complementary retail use.
Where is this storefront property located?
The property is located at 153 N High Street Gahanna, OH.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Five plumbed salon or barber stations with reception and waiting area; 500+/- square feet of climate‑controlled rear flex space; Fixtures may remain; existing business is not part of the sale
