Property Listing No Longer Available for Sale

3434 & 3442 N High St - One Parcel

Columbus, OH

Retail for Sale - $535,000 - 5,000 Sq. Ft. on 0.34 acres


Property Info

CIMLS#930172
Location
  3434 & 3442 N High St - One Parcel
  Columbus OH 43214
UpdatedAugust 5th, 2021
TypeRetail
Price$535,000
Building5,000 Sq. Ft.
Land0.34 acres

Property Description

The best location in one of the most desirable areas of Columbus - in the heart of Clintonville! High traffic counts and visibility in the center of an extremely walkable neighborhood with bus stops less than 100 feet away . Two connected buildings located in a high traffic area just north of North Broadway on High Street in Clintonville and conveniently across the street from the Kroger grocery store.

Significant new construction in the immediate area has and will continue to enhance the value and potential of this property.

The property is zoned C-4 Commercial, is just over 1/3 acre and has a curb cut on High Street as well as access from the alley in the rear of the property which allows easy ingress and egress to all directions of traffic, which is a huge advantage over other properties in the area. There are 16 parking spaces in the back and several street parking spots on High Street; another feature many other properties in the area do not have. The buildings could be remodeled or rehabbed, or you can demolish them and start from the ground up and develop exactly what you want.

A typical mixed-use development on this site would require off-street parking, which adds to the cost of construction or decreases allowable units, however, this would be the perfect development to encourage the City of Columbus to embrace the recommended concept of lower parking space ratios per unit. This would allow the development of additional square footage on the property that will increase potential rent income.


Financials