4300 Broad StWhitehall, OH 43213

Property Details for 4300 Broad St

Lot size

0.57 AC

Property type

Retail properties

Property subtype

Banks

APN

090-000908

APU

90000908

Description

This exceptional investment opportunity presents a fully leased, 35,904-square-foot office building situated on a 3.34-acre lot in Whitehall, Ohio. The property, located at 4300 E Broad Street, boasts convenient access to major highways I-670, I-70, and I-270. The building, constructed in 1980, is currently fully occupied by strong tenants, including the State of Ohio Opportunities for Ohioans with Disabilities (OOD). Ample parking is available in recently paved surface lots. A significant advantage is the inclusion of a buildable outlot within the sale, offering potential for a 36-unit development (see proposed renderings). The property comprises three parcels: 090-000430-00 (1.55 acres), 090-000908-00 (.46 acres), and 090-000432-00 (1.33 acres). The asking price is $2,600,000, translating to $72.42 per square foot. This presents a rare chance to acquire a stable, income-producing asset with significant future development potential in a desirable Columbus location. The property's strong tenant base and strategic location make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $6,308,767

  6.5%

  $5,823,477

  7%

  $5,407,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,811,696

  Geo Method

  $5,811,696

• Alternative Use

  Use

  Valuation

  Residential

  $4,912,321

  Hospitality

  $4,499,660

  Educational

  $3,743,664

  Medical

  $3,872,414

  Retail

  $5,823,477

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9756

Longitude

-82.8859

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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