633-635 High StWorthington, OH 43085

For Sale
$900,000

Historic building, strong rental upside.

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Highlights

  • Strong rental upside: Rents are approximately 50% below market value, offering significant potential for rent increases and conversion to NNN leases.
  • Owner-user opportunity: A month-to-month lease allows for owner occupancy of approximately 2,000 square feet of retail space.
  • Prime retail location: Situated on High Street in Worthington's main retail corridor, just 15 minutes from downtown Columbus.
  • Thriving market: Worthington consistently ranks among top U.S. housing markets and boasts a nationally recognized farmer's market.
  • Rare historic property: A unique opportunity to acquire a landmark property in Worthington that hasn't been sold in nearly 40 years.

Property Details for 633-635 High St

Property type
Other retail properties, Individual retail properties
Square Feet
3,750 SF
Year Built/Renovated
1817/1917
Lot Size (sq. ft)
2,352 SF

Location Insight

City
Worthington
County
Franklin
State
Ohio
Latitude
40.086654
Longitude
-83.018529
633-635 High St, Worthington, Ohio

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633-635 High St
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