1 East High Street

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1 East High Street

London, OH 43140
Asking Price
$9.00M
Asset Type
Retail
Class
Class B

What's Special

1 East High Street is situated at the primary intersection of downtown London, Ohio, placing it at the city’s historical and commercial center. The surrounding neighborhood features a mix of local government offices, small businesses, and professional services within a walkable streetscape. The property is positioned along State Route 42, providing direct vehicular access to neighboring Columbus and Springfield. Nearby amenities include the Madison County Courthouse, the public library, and several established local eateries, ensuring consistent daytime foot traffic from residents and county employees. This retail asset is well-suited for businesses that benefit from high visibility and central community positioning. Ideal use cases include boutique retail, specialty food and beverage outlets, or service-oriented businesses such as hair salons and dry cleaners. The typical tenant profile includes local entrepreneurs or regional franchises seeking a flagship presence in a growing county seat. Given the proximity to civic offices, the location also supports hybrid retail-office uses, such as insurance agencies or real estate firms requiring a storefront display.

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NOI
$80,000
Cap Rate
0.89%
DSCR
0.15
Underwater
Cash-on-Cash
-16.83%
Monthly Payment
$44,527.089
Annual Cash Flow
$-454,325.073

Location & Travel Times