For Sale
$5,500,000

4170 Broad StColumbus, OH 43228

High-Yield Multi-Tenant Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 50,000 square foot retail property, located at 4170 W Broad Street in Columbus, Ohio, presents a lucrative investment opportunity. Boasting a remarkable 8.30% cap rate and 100% occupancy, this multi-tenant retail center is situated on a substantial 6-acre lot (261,360 sq ft) in a high-traffic area, conveniently located off highway 270. The property currently operates as a thriving flea market, featuring 616 rentable spaces, concessions, and "Flealess" sales, demonstrating a consistent track record of profitability for over 30 years. Recent capital improvements completed in 2023 include updated bathrooms, flooring, carpeting, plumbing, roof repairs, and new boilers, ensuring the property is well-maintained and ready for continued success. The asking price is $5,500,000. With a long waiting list (at least 1-2 years), this turn-key operation offers significant passive income potential and a strong return on investment. This is a rare opportunity to acquire a well-established, high-performing retail asset in a prime Columbus location. The property's size, location, and current operational success make it an ideal investment for discerning buyers seeking a stable and profitable addition to their portfolio. The property is zoned for retail use and is in Franklin County, Ohio, zip code 43228.

Property Details for 4170 Broad St

Property type
Retail properties
Square Feet
50,000 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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