Historic Brewery District
For Sale
Contact for pricing
955 S High Street, Columbus, OH 43206
Prime corner lot in rapidly developing area, ideal for Airbnb.
Property Size4,269 SF
Price / SF$138.18
Days on Market764
Property Features for 955 S High Street
General Information
Standard status
Active
Size
4,269 SF
Total Parking Spaces
4
Property subtype
Multifamily
Building Details
Year Built
1900
Stories
2
Listing Agency:
e-Merge Real Estate Commercial
Listed By:
Ajay Pandya · License #2005001349
(614) 209-2261
Source:
Crexi
Added: Sep 18, 2024
Changed: Oct 8
Last Checked: Oct 20 at 6:31PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,242
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,840
$584.8K
Cap Rate 7%
$417,743
$417.7K
Cap Rate 9%
$324,911
$324.9K
Market Conditions
NOI Build-Up for 4,269 SF
Gross rent
$56.9K $13.32/SF
− Vacancy
−$3.7K −$0.87/SF
EGI
$53.2K $12.45/SF
− OpEx
−$23.9K −$5.60/SF
NOI
$29.2K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,840
Cap Rate 7%
$417,743
Cap Rate 9%
$324,911
Alternative Uses
Best Use
Apartment 5plus
$417.7K
$365.5K – $487.4K
NOI $29,242 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
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Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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.
