Ohio State University Mixed Use Building for sale

Columbus, Franklin County, Ohio 43201-1106, United States

Asking Price$3,500,000

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Description

OSU Campus / University District — Trophy Mixed-Use Investment Opportunity A trophy mixed-use asset anchoring the most active retail and pedestrian corridor in central Ohio — directly across from The Ohio Union at the geographic heart of The Ohio State University. The property has been fully and beautifully restored, combining stable, premium-tier in-place cash flow with long-term appreciation potential. Net Operating Income has grown 34.53% over the past five years at a CAGR of 6.11%. Opportunities of this caliber rarely come to market. This premier mixed-use building sits at the heart of the OSU campus — directly across from The Ohio Union, one of the busiest gathering points on campus and one of the largest convention venues in Columbus. The location benefits from extraordinary foot traffic, with a daily campus population exceeding 100,000 students, faculty, and staff. Positioned just south of the iconic intersection of 15th & High Street, the property enjoys exceptional visibility and some of the strongest combined pedestrian and vehicle traffic in central Ohio. Two miles from downtown Columbus, it sits at the crossroads of the university's academic core and the corridor's premier retail and dining district. The building features two street-level retail / restaurant spaces along with four high-end two-bedroom apartments on the upper floors, providing immediate income and strong cash flow from day one. Investment Highlights: • Irreplaceable Location — Direct frontage on N. High Street opposite The Ohio Union; daily exposure to a campus population exceeding 100,000 students, faculty, and staff; two miles from downtown Columbus at one of the corridor's highest-traffic intersections. • Complete Building Restoration — Full renovation of all four apartments and build-out of both restaurant spaces, including all-new roof, windows, plumbing, electrical, bathrooms, and kitchens throughout. Beautifully restored original woodwork. The result: premium rents, high-quality tenants, and minimal ongoing maintenance expense. • Premium-Tier, Growing Cash Flow — 2026 projected Net Operating Income of $220,097, with five-year NOI growth of 34.53% and a CAGR of 6.11%. The property has historically commanded premium rents relative to other properties on the corridor. • Future Development Potential — Current zoning permits development up to 16 stories. All leases include redevelopment clauses, preserving full flexibility for a future buyer. • Valuable Easement — The property conveys with a valuable easement on the adjacent rear parcel, materially enhancing site control and development feasibility. • Trophy mixed use investment on OSU Campus • Directly across from the Ohio Student Union • Prime High Street location just south of 15th & High St • 2 Retail / Restaurant tenants • 4 upstairs apartment rentals • Strong in place cash flow • Exceptional pedestrian & vehicle traffic • Rare opportunity

Real Estate

Owned

Business listed by

Sokol & Associates

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