1325 Broad StColumbus, OH 43222

Property Details for 1325 Broad St

Year built

1936

Lot size

0.91 AC

Property size (Sq ft)

1,936 SF

Property type

Auto shops

APN

010-010335

APU

10010335

Description

This exceptional 0.92-acre parcel at 1325 W Broad St, Columbus, OH 43222 presents a unique mixed-use development opportunity. Located in the rapidly expanding Franklinton neighborhood of Franklin County, this property boasts pre-approved building plans for a residential and commercial development. The site's strategic location within an Opportunity Zone provides significant tax incentives and abatement opportunities, making this an attractive investment. The land is ideally situated to capitalize on Franklinton's burgeoning growth, addressing the area's high demand for housing. All necessary approvals are in place, streamlining the development process and minimizing potential delays. This prime location offers easy access to major transportation routes and amenities, ensuring high visibility and convenient access for future residents and businesses. The 0.92-acre lot provides ample space for a substantial development project, allowing for creative design and efficient space utilization. This is a rare chance to acquire a fully permitted development site in one of Columbus's most dynamic and sought-after neighborhoods. Invest in a future-ready property with substantial growth potential and attractive tax benefits. Don't miss this exceptional opportunity to shape the future of Franklinton.

• CAP approach

  CAP return

  Valuation

  6%

  $543,821

  6.5%

  $501,988

  7%

  $466,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,355

  Geo Method

  $456,355

• Alternative Use

  Use

  Valuation

  Residential

  $423,446

  Hospitality

  $387,874

  Educational

  $322,707

  Medical

  $333,805

  Retail

  $501,988

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9576

Longitude

-83.0363

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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