1185-1205 W Broad St - Storefront Retail/Office FOR SALE


Columbus, OH 43222- Franklinton
$1,500,000 USD
614-221-4286
1185-1205 W Broad St, Columbus, OH for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/29
null | 7.05% Cap Rate

1185-1205 W Broad St
Columbus, OH 43222
Franklinton


HIGHLIGHTS

  • Mixed-use building on Broad Street in the heart of Franklinton
  • Located in an Opportunity Zone
  • CRA tax abatement for the area and benefit from additional OZ benefits
  • Well positioned to benefit from the growth of Columbus

OVERVIEW

Rare opportunity to acquire a mixed-use building on Broad Street in the heart of Franklinton. Located in an Opportunity Zone, this sale includes two lots currently used as parking. The parking lots could be developed and would fall under the existing CRA tax abatement for the area and benefit from additional OZ benefits. The tenants are paying well below market rent allowing the next owner to push rents as the area continues to improve. Billions of dollars are being invested in Franklinton and with its close proximity to Downtown, this property is well positioned to benefit from the growth of Columbus.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LC4, R-2

APN/PARCEL ID

010-054063

ASK ABOUT THIS PROPERTY

Alex MarshThe Robert Weiler CompanyMore Info
614-221-4286

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Alex MarshThe Robert Weiler CompanyMore Info
614-221-4286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.