633-635 High St, Worthington, OH 43085
- Investment properties
- 3,750 SF
- 0.06 lot acres
Current Use by Public Records
- Investment properties
Property Details for 633-635 High St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 100-000225
- APU
- 100000225
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 25, 2013 | — | Musgrove Property Mgmt Trust | Musgrove,samuel O JR & Mary L | Quit Claim Deed · related | — |
| Jun 19, 2013 | — | Musgrove Family Capital Trust | Musgrove,samuel O JR & Mary L | Quit Claim Deed · related | — |
Description
This exceptional 3,750 square foot multi-tenant property, located at 633-635 High Street in Worthington, Ohio, presents a unique investment opportunity. The building, situated on a 0.054-acre lot (APN 100-000225-00), boasts a prime location within Worthington's thriving retail corridor, just 15 minutes north of downtown Columbus. Currently 100% occupied by five tenants with a remaining lease term of 0.5 years, this offers significant rental upside potential, with current rents approximately 50% below market value. The property's C4 zoning allows for flexibility in future use. Built in 1817 and renovated in 1917/1926, this historic storefront and traditional office space offers an owner-user opportunity, with the possibility of occupying approximately 2,000 square feet of retail space on a month-to-month lease. The asking price is $900,000, translating to $240 per square foot. Worthington's consistently strong housing market and its renowned farmer's market further enhance the property's investment appeal. This irreplaceable piece of Worthington history hasn't changed hands in nearly 40 years, presenting a rare chance to acquire a landmark property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $825,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $635,000
- 6.5%
- $585,000
- 7%
- $540,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $620,000
- NEIGHBORHOOD: SHOPPING CENTER
- $615,000
- MEDICAL BUILDING
- $565,000
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Location Insight
- Map
- Local Demand
- City
- Worthington
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0185
- Latitude
- 40.0867
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
