2575 High St Columbus, OH 43207-2958
- Warehouses
- 3,500 SF
- 0.99 lot acres
Mar 28, 2023
Current Use by Public Records
- B & T Auto Sales And Repair / Auto Repair Shop / Used Car Dealer
- P3 magic theater / Performing Arts Theater
- Hb & Gb Used Tires Llc. / Tire Shop
Property Details for 2575 High St
- Year built
- 2004
- Construction
- WOOD
- Lot size
- 0.99 lot acres
- Property size
- 3,500 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 010-113151
- APU
- 10113151
Description
This exceptional 0.84-acre commercial property in Columbus, Ohio, presents a unique investment opportunity. Currently operating as a thriving automotive repair shop and used car dealership, the property boasts a 3,500-square-foot building featuring four 10x8 drive-in doors. Ample parking and storage are available, complemented by a highly desirable location on S High Street, experiencing a daily traffic count of 21,300 vehicles. Prominent signage ensures high visibility. The property is equipped with 3-phase power, a significant advantage for various businesses. This sale includes all existing equipment, the established business operations, and the real estate itself, offering a turnkey solution for a new owner. Recently rezoned as a Community Activity Center (CAC), this property unlocks a wide range of potential uses. The CAC zoning permits mixed-use developments up to seven stories high, opening doors to diverse possibilities. Approved uses include, but are not limited to, automotive services, quick-service restaurants, grocery stores, hotels, fitness centers, medical offices, daycares, community facilities, entertainment venues, and more. This prime location and flexible zoning make this property an attractive investment with significant upside potential. The high daily traffic count and prominent street frontage ensure strong visibility and accessibility for any future business.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $410,000
- ML approach
- $405,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $680,000
- 6.5%
- $625,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $418,000
Market price range: $134k - $419k
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9958
- Latitude
- 39.9092
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA