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842-852 N High St 13,284 SF 100% Leased Retail Building Columbus, OH 43215 $4,100,000 ($308.64/SF) 6.70% Cap Rate
Investment Highlights
- Attractive 6.7% Cap Rate with durable cash flow and clear rent-growth potential
- Prime visibility in the heart of the Short North Arts District, Columbus’ most vibrant dining and entertainment corridor
- Positioned for significant appreciation in a high-demand walkable neighborhood
- Mixed-use asset featuring 8 renovated apartment units and 2 established retail storefronts
- Includes private off-street parking
Executive Summary
A rare opportunity to acquire a highly visible mixed-use property in the heart of the Short North Arts District—Columbus’ most vibrant entertainment and dining corridor. The building features 8 renovated apartment units above two retail spaces, including an established Asian restaurant and a long-term retail tenant with a strong local following. The property provides stable in-place income with clear rent-growth potential across both the residential and commercial spaces. Private off-street parking behind the building further elevates the asset—an uncommon amenity in this dense, walkable submarket. Surrounded by premier restaurants, boutiques, nightlife, and ongoing development, this location offers unmatched visibility, foot traffic, and long-term appreciation potential. An exceptional opportunity for investors seeking durable cash flow and irreplaceable Short North real estate.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,284 SF
Building Class
B
Year Built/Renovated
1900/2020
Price
$4,100,000
Price Per SF
$308.64
Cap Rate
6.70%
NOI
$274,700
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.91
Lot Size
0.16 AC
Zoning
C-Commercial - Mixed-Use District
Parking
2 Spaces (0.15 Spaces per 1,000 SF Leased)
Frontage
78’ on N High St
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $452,810 | |
| Land Assessment | $32,070 | Total Assessment | $484,880 |
Property Taxes
Parcel Numbers
Land Assessment
$32,070
Improvements Assessment
$452,810
Total Assessment
$484,880
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842-852 N High St
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