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    1022 Broad St Columbus, OH 43222

    Sponsored
    For Sale
    $795,000

    8,000 SF Office/Retail Space, Vacant

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 8,000-square-foot mixed-use building, located at 1022 W Broad St in Columbus, Ohio's vibrant Franklinton neighborhood, presents a unique investment opportunity. The property boasts a prime location on a busy thoroughfare, experiencing approximately 13,000 vehicles per day, ensuring high visibility for any business. The building, constructed in 1947, features two stories: 5,500 square feet on the first floor and 2,500 square feet on the second, currently vacant and in shell condition, allowing for complete customization to suit a variety of commercial uses. Situated on a 0.35-acre lot, the property includes two convenient on-site parking/outdoor storage areas. Its LC-4 zoning and Opportunity Zone designation further enhance its appeal, offering flexibility and potential tax advantages. The asking price is $795,000. This Class C building offers a blank canvas for a creative entrepreneur or investor seeking a high-traffic location in a rapidly developing area. The property's size, location, and zoning make it suitable for a wide range of businesses, from creative offices and storefronts to traditional office spaces. The vacant status allows for immediate occupancy and the opportunity to design a space perfectly tailored to specific needs. The ample parking adds significant value and convenience. This is a rare chance to acquire a substantial commercial property in a thriving Columbus neighborhood.

    Property Features for 1022 Broad St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,000 SF
    Class
    C
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Stories
    2

    HighLights

    • 8,000 SF mixed‑use building in Columbus, OH's Franklinton neighborhood.
    • 5,500 SF first floor and 2,500 SF second floor; currently vacant shell space.
    • 0.35‑acre lot on W Broad St, high traffic area (13,000 vehicles per day).
    • Opportunity Zone designation and LC‑4 zoning.
    • Two on‑site parking/outdoor storage areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drumin On 69 Drum Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0277565
    Latitude
    39.95896344

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    FAQs

    What type of property is this?
    Individual retail property - 8,000 SF Office/Retail Space, Vacant
    Where is this individual retail property located?
    The property is located at 1022 Broad St Columbus, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 8,000 SF mixed-use building in Columbus, OH's Franklinton neighborhood.; 5,500 SF first floor and 2,500 SF second floor; currently vacant shell space.; 0.35-acre lot on W Broad St, high traffic area (13,000 vehicles per day).
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    1022 Broad St Columbus, OH 43222
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    Columbus, OH 43222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1022 Broad St Columbus, OH 43222
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