907 W Broad St - Restaurant FOR SALE


Columbus, OH 43222- Franklinton
$880,000 USD
937-581-3037
907 W Broad St, Columbus, OH for Sale
$880,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

907 W Broad St
Columbus, OH 43222
Franklinton


HIGHLIGHTS

  • Prime area to transform this 0.74 acre property into a vibrant mixed-use, multi-family development, capitalizing on its strategic location in downtown
  • 200’+ of frontage on a hard corner at the SW corner of Broad Street & Martin Avenue.
  • High density demographics: 340,000+ population within five (5) miles.
  • On downtown Columbus’ main throughway with 17,000+ VPD.
  • Current zoning LC-4: Vacant restaurant with ample parking.
  • Online Foreclosure Auction ending Thurs. May 29, 2025 at Noon

OVERVIEW

Online Foreclosure Auction ending on Thurs. May 29 at Noon. See OhioSheriffSales dotcom for full details and to bid online. Bidding starts at $880,000 based on a $1,320,000 appraisal. 6,562 SF freestanding commercial building plus basement on .74 Acres. Great redevelopment opportunity. Previously known as the Florentine Restaurant. Located in an opportunity zone in the Franklinton submarket of Columbus just West of Downtown. Prime for a mixed-use development. 200 plus feet of frontage on West Broad and located at the corner of Broad and Martin Ave. Approx. 17,000 vehicles per day on W. Broad. The current zoning is LC-4. Vacant restaurant with ample parking. The property to the West is also on the market which would give you the entire block. History of the Florentine: The Florentine Restaurant was a cherished Italian American eatery located in Columbus, Ohio's Franklinton neighborhood. Established in 1945 by Tony Penzone, it became a local institution over its 71-year history, renowned for its classic Italian dishes like spaghetti and meatballs, lasagna, and its signature house salad dressing. The restaurant was a family-run business, with three generations of the Penzone family contributing to its legacy.

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

LC-4

APN/PARCEL ID

010-046810

ASK ABOUT THIS PROPERTY

Barry BakerOhio Real Estate AuctionsMore Info
937-581-3037

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Barry BakerOhio Real Estate AuctionsMore Info
937-581-3037

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