Historic Brewery District
955 S High Street Columbus, OH 43206
955 S High Street, Columbus, OH, 43206
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For Sale
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Prime corner lot in rapidly developing area, ideal for Airbnb.
Property Size4,269 SF
Price / SF$138.18
Days on Market673
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 agency
e-Merge Real Estate Commercial
(614) 209-2261
Listed by
Ajay Pandya · License #2005001349
Source
Crexi
Added: Sep 18, 2024 Updated: Jul 10 at 3:42PM Checked: Jul 19 at 2:23AM
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
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.
Local Financial Insights For Apartment 5plus
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 | $56.9k | $13.32 |
| − Vacancy | −$3.7k | −$0.87 |
| EGI | $53.2k | $12.45 |
| − OpEx | −$23.9k | −$5.60 |
| NOI | $29.2k | $6.85 |
4,269 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LAZ Parking
Parking Lot & Garage
Similar For Sale Nearby
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.
