For Sale
$5,500,000

4170 Broad StColumbus, OH 43228

Profitable Flea Market, 6 Acres, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a thriving, turnkey flea market in Columbus, Ohio. This 50,000 square foot retail property, situated on six acres of land, boasts 100% occupancy and a strong historical performance, generating a net operating income (NOI) of $499,320 and an 8.30% cap rate. The property includes 616 rentable spaces, concessions, and "flealess" sales areas. The Westland Flea Market has a proven track record of success spanning over 30 years, with a significant waiting list of prospective tenants. Recent renovations (2023) encompass bathrooms, flooring, carpeting, plumbing, roof repairs, and new boilers, ensuring the property is well-maintained and ready for continued success. The property is zoned for commercial use and enjoys a prime location in a high-traffic area, conveniently situated off highway 270. The sale includes all equipment, inventory, and real estate. The property's parcel numbers are 140-005510 and 140-007169-00. A two-year lease term is available for multi-tenant occupancy. This is a rare opportunity to acquire a highly profitable, established business with significant upside potential.

Highlights

  • Days on Market: 3
  • Sale includes building, equipment, and inventory
  • Mailing address: Columbus, Ohio
  • Located within the Westland Flea Market
  • Situated in Franklin Township

Property Details for 4170 Broad St

Property type
Retail properties, Retail space
Square Feet
50,000 SF
Year Renovated
2023
Lot Size (sq. ft)
261,360 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9550464
Longitude
-83.1128723
4170 Broad St, Columbus, Ohio

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4170 Broad St
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