Mixed-Use Building with Retail and
2403-2409 W Broad St Columbus, OH 43204
2403-2409 W Broad St, Columbus, OH, 43204
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For Sale
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Fully occupied building with 9 apartments and 6 retail spaces, offering a blend of residential and neighborhood-serving tenants.
Property Size11,456 SF
Price / SF$76.38
Days on Market54
Property Features for 2403-2409 W Broad St
General Information
- Standard status
- Active
- Size
- 11,456 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Listing agency
Di Lusso Real Estate
Listed by
Fisal Ikhmayes · License #2024003271
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Di Lusso Real Estate
Investment Insights
Based on property information with market context.
The property is a mixed-use building currently fully occupied, comprising 9 apartment units and 6 commercial spaces. The commercial mix includes a convenience store, pizza operation, barber shop, nail salon, hair salon, and a storage tenant. Several of the commercial leases are described as month-to-month, which can provide flexibility for future lease renewals and adjustments as tenant terms expire.
The asset is located on the West Broad Street corridor in Columbus, Ohio. The property is positioned minutes from Downtown Columbus and Franklinton and near I-70. It also sits along the planned LinkUS West Broad BRT corridor, an area noted for continued public and private redevelopment investment.
For investors or operators seeking a diversified holding, the combination of residential units and active retail/service space can support a multi-tenant operating profile. The existing in-place tenant roster covers a range of everyday needs, while the presence of month-to-month leases may help an owner manage timing and unit mix during renewal cycles. This layout can appeal to buyers looking for a stabilized, income-producing mixed-use structure with ongoing opportunities to manage tenant occupancy over time.
The asset is located on the West Broad Street corridor in Columbus, Ohio. The property is positioned minutes from Downtown Columbus and Franklinton and near I-70. It also sits along the planned LinkUS West Broad BRT corridor, an area noted for continued public and private redevelopment investment.
For investors or operators seeking a diversified holding, the combination of residential units and active retail/service space can support a multi-tenant operating profile. The existing in-place tenant roster covers a range of everyday needs, while the presence of month-to-month leases may help an owner manage timing and unit mix during renewal cycles. This layout can appeal to buyers looking for a stabilized, income-producing mixed-use structure with ongoing opportunities to manage tenant occupancy over time.
Key Highlights
- Fully occupied mixed‑use property with 9 apartment units and 6 commercial spaces
- Commercial tenants include a convenience store, pizza operation, barber shop, nail salon, hair salon, and storage tenant
- Several month‑to‑month commercial leases for potential repositioning and income adjustments
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.6k | $13.32 |
| − Vacancy | −$9.9k | −$0.87 |
| EGI | $142.7k | $12.45 |
| − OpEx | −$64.2k | −$5.60 |
| NOI | $78.5k | $6.85 |
11,456 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.20M
NOI $132,076 @ 7.0% cap · market cap 15.09%
Second Best
Apartment 5plus
$1.12M
$980.9K – $1.31M
NOI $78,471 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,124 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied building with 9 apartments and 6 retail spaces, offering a blend of residential and neighborhood-serving tenants.
Where is this apartment building located?
The property is located at 2403-2409 W Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property with 9 apartment units and 6 commercial spaces; Commercial tenants include a convenience store, pizza operation, barber shop, nail salon, hair salon, and storage tenant; Several month‑to‑month commercial leases for potential repositioning and income adjustments
