1009-1011 Broad StColumbus, OH 43222

Property Details for 1009-1011 Broad St

Year built

1920

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

4,240 SF

Property type

Retail residential properties

APN

010-029098

APU

10029098

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,004,663

  6.5%

  $927,382

  7%

  $861,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,745

  Geo Method

  $614,745

• Alternative Use

  Use

  Valuation

  Residential

  $927,382

  Hospitality

  $849,476

  Educational

  $706,754

  Medical

  $731,061

  Retail

  $1,099,396

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9586

Longitude

-83.0275

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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