249 W High St London, OH 43140
For Sale
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Large lot with a 6,524 sq. ft. building offering exceptional versatility. A substantial portion of the structure could be utilized as garage or shop space, with a multi-purpose area at the front ideal for office, showroom, or creative use. The adjacent side lot provides additional room for parking or equipment storage. Back of the building could have a large sliding garage door for 'shop' access. Zoned B-3, the property allows for a wide range of permitted uses. The building is primarily single-level—with a split-level section near the front—making it well suited for conversion to garage space, construction operations, a woodshop, creative studio, or office layout. Located within the City of London, the property may also qualify for Community Reinvestment Area (CRA) tax abatements, depending on the scope and nature of the proposed project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.