Mixed-Use Opportunity Zone Franklinton FOR SALE


Columbus, OH - Franklinton
$1,250,000 USD
614-221-4286
, Columbus, OH for Sale
$1,250,000 USD
FOR SALE
1/21
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Mixed-Use Opportunity Zone Franklinton
Columbus, OH
Franklinton


HIGHLIGHTS

  • Below Market Rent - 6,000 +/- SF of commercial space available on the 1st floor
  • Mixed-use building on Broad Street in the heart of Franklinton
  • Prime corner location
  • Qualified Opportunity Zone
  • Compelling development opportunity
  • Strategic position to benefit from the city’s growth

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 additional parcels currently utilized as parking. These lots present a compelling development opportunity and fall within the existing CRA tax abatement area, while also qualifying for additional Opportunity Zone benefits. The property features commercial space on the first floor that is ideal for an owner/user seeking office or retail presence along Broad Street. With income generated from the upper-level apartments and other in-place commercial tenants, a majority — if not all — of the building’s ownership costs could be offset, creating a highly attractive live/work or investment scenario. Current tenants are paying below-market rents, providing meaningful upside as leases roll and the continued revitalization of Franklinton drives rental growth. With billions of dollars being invested in the neighborhood and its immediate proximity to Downtown Columbus, this asset is exceptionally well positioned to benefit from the city’s ongoing growth and momentum.

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 Notice.