503 S High St, Unit 100 Columbus, OH 43215
- Office buildings
- 6,012 SF
- 0.13 lot acres
Current Use by Public Records
- Best Light Video / Graphic Designer / Video Production Service
- Editor at Columbus African American / Book Publisher
- Fleischer's Auctions / Auction House
- Columbus Cars and Coffee / Sports Club / Social Club
- Ray Miller Enterprises LLC / Corporate Office
Property Details for 503 S High St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 6,012 SF
- Property type
- Office buildings
- APN
- 010-215365
- APU
- 10215365
Description
This exceptional 6,000 square foot traditional office building, located at 503 S High Street in Columbus, Ohio's vibrant Brewery District, presents a compelling investment opportunity. Currently 100% occupied with a modified lease structure, the property boasts a strong net operating income (NOI) of $76,130, yielding a 9.00% cap rate and an asking price of $850,000 ($141.67/SF). Recent capital improvements include a new roof (2023), new furnaces (2022), and energy-efficient LED lighting, minimizing future maintenance expenses. The building features new exterior signage and is situated in a prime location, offering easy access to Franklin County Courts, Downtown Columbus, and the historic German Village. Ample street parking is available, supplemented by convenient access to an adjacent parking garage with visitor and validated parking options. The property's location on the COTA bus line and its proximity to major highways (I-71, I-70, and SR 315) ensure convenient commuting for employees and clients. The Brewery District itself offers a wealth of nearby amenities, including numerous restaurants such as Chipotle, El Arepazo Latin Grill, and Katzinger's Delicatessen. This thriving business community benefits from Columbus's robust economic growth, ranked #1 in the Midwest for population, job, and GDP growth. The property's strategic location is also within eight miles of John Glenn International Airport and near major interchanges of Interstates 71, 70, US 23, and 33, further enhancing its appeal. Parcel number: 010-125365-00. This is a rare opportunity to acquire a fully leased, well-maintained office building in a high-demand location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $375,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $308,000
Market price range: $136k - $608k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9994
- Latitude
- 39.9521
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
