Mixed-Use Property with
1719 17-19 S High St, Canal Winchester, OH 43110
For Sale
$1,580,000
A restaurant tenant under a NNN lease shares the property with a second-floor apartment.
Property Size11,088 SF
Price / SF$142.50
Days on Market47
Property Features for 1719 17-19 S High St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Sorrell & Company, Inc.
Listed By:
William C Sorrell · License #2020006028
(614) 738-2934
Source:
El1tecollective
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 7 at 2:38PM
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 Sorrell & Company, Inc.
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Investment Insights
Based on property information with market context.
This 11,088 SF mixed-use property includes approximately 6,521 SF of restaurant space and a second-floor apartment with three bedrooms, two full bathrooms, hardwood floors, and appliances. The restaurant has a full-service bar and private dining and banquet area. The existing tenant, Shade on the Canal, has operated at the property since 2004, with a NNN lease extending through February 2034.
Recent work includes replacement of the rear shingle roof within the past two years and the front flat roof within the past four years. The exterior was painted recently, and the doors were reconditioned within the past year. A village-owned and maintained parking lot serves the property.
Recent work includes replacement of the rear shingle roof within the past two years and the front flat roof within the past four years. The exterior was painted recently, and the doors were reconditioned within the past year. A village-owned and maintained parking lot serves the property.
Key Highlights
- 11,088 SF property with approximately 6,521 SF of restaurant space
- Shade on the Canal has operated at the property since 2004
- NNN lease runs through February 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,266
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,320
$2.2M
Cap Rate 7%
$1,603,800
$1.6M
Cap Rate 9%
$1,247,400
$1.2M
Market Conditions
NOI Build-Up for 11,088 SF
Gross rent
$199.6K $18.00/SF
− Vacancy
−$20.0K −$1.80/SF
EGI
$179.6K $16.20/SF
− OpEx
−$67.4K −$6.07/SF
NOI
$112.3K $10.13/SF
Area
Franklin County, OH
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,320
Cap Rate 7%
$1,603,800
Cap Rate 9%
$1,247,400
Alternative Uses
Best Use
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,237 @ 7.0% cap · market cap 10.02%
Second Best
Mixed Use
$1.60M
$1.40M – $1.87M
NOI $112,266 @ 7.0% cap · market cap 7.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 43110, OH
40,953
Population
17,352
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
46.7 sq mi
ZIP Area
877
Density / Sq Mi
$76,334
Median Household Income
$48,216
Median Earnings
$1,218
Median Rent
$284,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Franklin County, OH
Properties on Market for Mixed-use properties in Franklin County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant tenant under a NNN lease shares the property with a second-floor apartment.
Where is this mixed-use property located?
The property is located at 1719 17-19 S High St Canal Winchester, OH.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: 11,088 SF property with approximately 6,521 SF of restaurant space; Shade on the Canal has operated at the property since 2004; NNN lease runs through February 2034
