2420 Broad StColumbus, OH 43204

Property Details for 2420 Broad St

Year built

1900

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

1,404 SF

Property type

Retail space

APN

010-034638

APU

10034638

Description

This ±1,404 square foot flex space at 2420 W Broad St, Columbus, OH 43204, offers a unique blend of retail and industrial functionality. The single-tenant property features a ground floor shop and storage area with a convenient rear overhead door for easy loading and unloading. A gravel parking area is located at the rear of the building. The second floor provides ±702 square feet of unfinished space, allowing for customization to meet specific business needs. This versatile property benefits from its location on the bustling West Broad Street retail corridor, surrounded by numerous national and local businesses including Tim Horton's, McDonald's, Taco Bell, Arby's, Subway, and Popeye's. Enjoy quick access to I-70 (approximately 2-3 minutes). The property is offered with a modified gross lease. This prime location and adaptable space make it an ideal choice for a variety of businesses seeking a functional and convenient space in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $394,382

  6.5%

  $364,045

  7%

  $338,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $330,952

  Geo Method

  $330,952

• Alternative Use

  Use

  Valuation

  Residential

  $307,086

  Hospitality

  $281,289

  Educational

  $234,029

  Medical

  $242,078

  Retail

  $364,045

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9557

Longitude

-83.065

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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