Historic Brewery District
955 S High Street, Columbus, OH 43206
Prime corner lot in rapidly developing area, ideal for Airbnb.
Type:Multifamily
Property size:
4,269 SFPrice / SF:
$138/SF- Added:
- Sep 18, 2024
- Days on Market:
- 621
- Last Refresh:
- May 13 at 8:26 pm
Property Features for 955 S High Street
General Information
- Standard status
- Active
- Size
- 4,269 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agent Ajay Pandya License #2005001349
Listing office e-Merge Real Estate Commercial
Listing date Sep 18, 2024
Source Crexi
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 e-Merge Real Estate Commercial
HighLights
- Prime location in the rapidly developing Brewery District on S. High St.
- High visibility corner lot across from The Columbus Maennerchor and near Schiller Park.
- Opportunity for multi‑family, mixed‑use, or boutique hotel‑style Airbnb development.
- Plans submitted for a multi‑unit Airbnb.
- Strong candidate for a state historic tax credit.
- Historic building built in 1900.
Overview
Located in the Brewery District on S. High St., this historic building offers visibility on a corner lot. It is situated across from The Columbus Maennerchor and near Schiller Park. The property is positioned in a rapidly developing area of central Ohio. Plans have been submitted for a multi-unit Airbnb. The property is suited for multi-family, mixed-use, or a boutique hotel-style Airbnb. It is a candidate for a state historic tax credit. The property size is 4269 square feet. The location features high traffic. This property is a unique investment opportunity.
Local Financial Insights For Mixed Use
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 | $87.1k | $20.40 |
| − Vacancy | −$8.7k | −$2.04 |
| EGI | $78.4k | $18.36 |
| − OpEx | −$29.4k | −$6.89 |
| NOI | $49.0k | $11.48 |
4,269 SF · lease $20.40/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$699.8K
$612.3K – $816.5K
NOI $48,987 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$417.7K
$365.5K – $487.4K
NOI $29,242 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$889.7K
$778.5K – $1.04M
NOI $62,278 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
LAZ Parking
Parking Lot & Garage
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9972124
- Latitude
- 39.9425525
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Prime corner lot in rapidly developing area, ideal for Airbnb.
Where is this multifamily property located?
The property is located at 955 S High Street Columbus, OH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Prime location in the rapidly developing Brewery District on S. High St.; High visibility corner lot across from The Columbus Maennerchor and near Schiller Park.; Opportunity for multi‑family, mixed‑use, or boutique hotel‑style Airbnb development.
