Commercial Redevelopment Land with Street
3479 W Broad Street Columbus, OH 43204
3479 W Broad Street, Columbus, OH, 43204
$1,850,000
For Sale
$1,850,000
Zoned Regional Activity Center (RAC) with 1,600 feet of frontage on W Broad Street and reported 125,000 VPD.
Property Size4,728 SF
Price / SF$391.29
Days on Market569
Property Features for 3479 W Broad Street
General Information
- Standard status
- Active
- Size
- 4,728 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1950
Listing agency
N/A
(614) 900-1000
Listed by
Fisal Ikhmayes · License #2024003271
(614) 900-1000
Source
Xome
Added: Dec 30, 2024 Updated: Jul 21 at 8:28PM Checked: Jul 21 at 8:28PM
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 N/A
Investment Insights
Based on property information with market context.
3479 W Broad Street is a redevelopment land opportunity in Columbus, Ohio, offered as a 2.59-acre site. The property is zoned Regional Activity Center (RAC), providing flexibility for redevelopment and supporting a range of uses including retail, mixed-use, multifamily, office, hospitality, and entertainment concepts.
The site offers approximately 1,600 feet of frontage along W Broad Street, with daily traffic counts of approximately 125,000 VPD, supporting strong visibility for future development.
The site offers approximately 1,600 feet of frontage along W Broad Street, with daily traffic counts of approximately 125,000 VPD, supporting strong visibility for future development.
Key Highlights
- 2.59‑acre redevelopment site along W Broad Street in Columbus
- Zoned Regional Activity Center (RAC), allowing for uses including retail, mixed‑use, multifamily, office, and hospitality/entertainment
- 1,600 feet of frontage on W Broad Street
Local Financial Insights For Retail
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 | $85.1k | $18.00 |
| − Vacancy | −$7.2k | −$1.53 |
| EGI | $77.9k | $16.47 |
| − OpEx | −$23.4k | −$4.94 |
| NOI | $54.5k | $11.53 |
4,728 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$778.7K
$681.4K – $908.5K
NOI $54,509 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.3K
$862.2K – $1.15M
NOI $68,974 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kamil Auto Sales ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- Carpet & Flooring USA — 270 S Kellner Rd, Columbus, OH 43209
- Lowe's Home Improvement — 3616 E Broad St, Columbus, OH 43213
FAQs
What type of property is this?
Showroom - Zoned Regional Activity Center (RAC) with 1,600 feet of frontage on W Broad Street and reported 125,000 VPD.
Where is this showroom located?
The property is located at 3479 W Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 2.59‑acre redevelopment site along W Broad Street in Columbus; Zoned Regional Activity Center (RAC), allowing for uses including retail, mixed‑use, multifamily, office, and hospitality/entertainment; 1,600 feet of frontage on W Broad Street
