3184 Broad StColumbus, OH 43204

Property Details for 3184 Broad St

Year built

1923

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

16,654 SF

Property type

Office properties

Property subtype

Office buildings

APN

010-065475

APU

10065475

Description

This exceptional 16,654 square foot office building, located at 3184 W Broad St, Columbus, OH 43204, presents a unique investment opportunity. Situated on a 4.5-acre lot, this Class C property boasts a prime location at the intersection of Brinker Avenue & Sylvan Avenue, offering excellent visibility and accessibility. Built in 1923 and renovated in 1966, the Athens Professional Building features eight suites, providing flexibility for various tenants. Currently, one suite is available, offering 1,447 square feet of well-appointed space. This particular suite, formerly a doctor's office, is ideally suited for medical practices or similar businesses. It includes a spacious waiting room, reception area, office management/nurse's station, five exam rooms, a private doctor's office, a fully updated bathroom, ample storage closets, and a dedicated specimen room with sink and counters. The suite offers convenient access via both front and back entrances. The building provides 27 parking spaces for tenants and visitors. The property is zoned C4 and its Franklin County APN is 010-065475-00. This historic building offers a blend of character and functionality, making it an attractive option for businesses seeking a well-established presence in a thriving Columbus neighborhood. The building's multiple suite configuration allows for diverse tenancy options, providing potential for strong rental income and long-term value.

• CAP approach

  CAP return

  Valuation

  6%

  $3,182,376

  6.5%

  $2,937,578

  7%

  $2,727,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,815

  Geo Method

  $1,557,815

• Alternative Use

  Use

  Valuation

  Residential

  $3,642,597

  Hospitality

  $3,336,600

  Educational

  $2,776,012

  Medical

  $2,871,483

  Retail

  $4,318,240

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9547

Longitude

-83.0853

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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