941 Broad StColumbus, OH 43222

Property Details for 941 Broad St

Year built

1900

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

4,408 SF

Zone code

20

Property type

Investment properties

Property subtype

Live-work space

APN

010-000778

APU

10000778

Description

This exceptional mixed-use property, located at 941 West Broad Street in Columbus, Ohio, presents a compelling investment opportunity. The 4,400 square foot building, constructed in 1900, boasts two stories and a desirable 10-foot first-floor ceiling. Situated on a 0.13-acre lot, the property benefits from a recently installed new roof and convenient rear parking. Currently 100% occupied, this freestanding building enjoys a prime location along busy West Broad Street, approximately 1.5 miles from Downtown Columbus, experiencing approximately 21,000 vehicles passing daily. Its location within a designated Opportunity Zone and the Franklinton Redevelopment Area offers significant potential for future growth. The property is zoned Commercial, LC4, and its versatile layout makes it ideal for a variety of uses, including office space, an event venue, creative studios, a bar, or even residential conversion (subject to permitting). The asking price is $497,000, translating to $112.95 per square foot. The property's features, location, and zoning regulations make it an attractive investment prospect with strong potential for future returns. The parcel number is 010-000778-00. The property is also situated along a proposed Bus Rapid Transit (BRT) corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $842,315

  6.5%

  $777,522

  7%

  $721,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $412,324

  Geo Method

  $412,324

• Alternative Use

  Use

  Valuation

  Residential

  $964,127

  Hospitality

  $883,135

  Educational

  $734,758

  Medical

  $760,027

  Retail

  $1,142,957

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9589

Longitude

-83.0256

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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