1570 High St Columbus, OH 43207
- Commercial real estate
- 4,827 SF
- 0.18 lot acres
Current Use by Public Records
- Afterlife Eats & Event Center / Event Venue
- Vantage Auto Transport Co. / Trucking Company
- Columbus Artmobile / Art School
- Business Funding Direct Loans / Mortgage Broker / Mortgage Lender
Property Details for 1570 High St
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 4,827 SF
- Property type
- Commercial real estate
- APN
- 010-030009
- APU
- 10030009
Description
This exceptional Columbus commercial property, located at 1570 S High St, offers 5,973 square feet of versatile space, currently operating as a fully leased nightclub. The building boasts a large front stage area, a fully equipped bar, and a sizable kitchen with an adjacent eating area. Conveniently situated between German Village and Hungarian Village, just north of the Sheelton Village Complex, this prime location offers high visibility and accessibility. The two-story building features a total of 5,937 square feet of air rights, with the lower level encompassing the main bar and performance area, while the upper level provides private offices and a conference room. Two restrooms are located in the foyer, and an additional two are situated in the rear of the building. The property sits on a 0.18-acre lot and is zoned for commercial use. The asking price is $495,000, translating to $82.87 per square foot. This presents a unique opportunity for investors seeking a high-return property in a thriving Columbus neighborhood. The property's current 100% occupancy ensures immediate cash flow. The APN is 010-030009-00. This turnkey operation is ready for a new owner to capitalize on its established success. The building's layout and amenities make it suitable for a variety of uses, beyond its current configuration. This is a rare opportunity to acquire a well-established business in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $490,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $545,000
- Mixed-Use
- $410,000
- Hospitality
- $560,000
- Educational
- $505,000
- Residential Income
- $485,000
- Energy
- $465,000
- Income-Based Land
- $460,000
- Food Service
- $540,000
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9953
- Latitude
- 39.93
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
