For Sale
$699,000

1009-1011 Broad St Columbus, OH 43222

Prime location, high-yield investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional two-story, 4,240 square foot mixed-use building in Columbus, Ohio, presents a lucrative investment opportunity. Located at 1009-1011 W Broad St, in the rapidly growing Franklinton area, this property boasts high visibility at the intersection of W Broad St and Dakota Ave. The building features three separate entrances and is zoned for retail with apartments above. Currently, the property includes a thriving pizza shop with a dining room, walk-in cooler, established name, and recipes available for purchase. There is also vacant retail space ready for lease, generating additional income potential. Upstairs, eight single-room apartments are currently rented at $500 per month, providing a stable rental income stream. The property also includes a fenced-in backyard. The building sits on a 0.13-acre lot and is classified as a Class C property with a 9% cap rate and 75% occupancy. The asking price is $699,000, with a potential total rental income of $84,000 annually. This is a unique opportunity to acquire a multi-tenant property in a high-growth area with a proven income stream and significant upside potential. The property is designated as an Opportunity Zone. The lease type is NNN, and the tenancy is multi. The property consists of 10 units.

Highlights

  • Prime location in the rapidly developing Franklinton area.
  • High-traffic corner lot at W. Broad St. & Dakota Ave.
  • Excellent visibility and accessibility.
  • Two-story building with three separate entrances.
  • Zoned for mixed-use (retail and residential).
  • Located in an Opportunity Zone.

Property Details for 1009-1011 Broad St

Property type
Retail properties, Restaurants
Square Feet
4,240 SF
Class
C
Stories
2
Lot Size (sq. ft)
5,663 SF
Units
10

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.958633
Longitude
-83.027495

FAQs

What type of property is this?
Retail property - Prime location, high-yield investment.
Where is the retail property located?
The property is located at 1009-1011 Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location in the rapidly developing Franklinton area.; High-traffic corner lot at W. Broad St. & Dakota Ave.; Excellent visibility and accessibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1009-1011 Broad St
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