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    1009-1011 Broad St Columbus, OH 43222

    Sponsored
    For Sale
    $699,000

    Prime location, high-yield investment.

    Property size:
    4,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 4,240 square foot mixed-use building in Columbus, Ohio, presents a lucrative investment opportunity. Located at 1009-1011 W Broad St, in the rapidly growing Franklinton area, this property boasts high visibility at the intersection of W Broad St and Dakota Ave. The building features three separate entrances and is zoned for retail with apartments above. Currently, the property includes a thriving pizza shop with a dining room, walk-in cooler, established name, and recipes available for purchase. There is also vacant retail space ready for lease, generating additional income potential. Upstairs, eight single-room apartments are currently rented at $500 per month, providing a stable rental income stream. The property also includes a fenced-in backyard. The building sits on a 0.13-acre lot and is classified as a Class C property with a 9% cap rate and 75% occupancy. The asking price is $699,000, with a potential total rental income of $84,000 annually. This is a unique opportunity to acquire a multi-tenant property in a high-growth area with a proven income stream and significant upside potential. The property is designated as an Opportunity Zone. The lease type is NNN, and the tenancy is multi. The property consists of 10 units.

    Property Features for 1009-1011 Broad St

    General Information

    Property type
    Restaurants
    Square Feet
    4,240 SF
    Class
    C
    Lot Size
    5,663 SF

    Building Details

    Stories
    2
    Units
    10

    HighLights

    • Prime location in the rapidly developing Franklinton area.
    • High‑traffic corner lot at W. Broad St. & Dakota Ave.
    • Excellent visibility and accessibility.
    • Two‑story building with three separate entrances.
    • Zoned for mixed‑use (retail and residential).
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.027495
    Latitude
    39.958633

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    FAQs

    What type of property is this?
    Restaurant - Prime location, high-yield investment.
    Where is this restaurant located?
    The property is located at 1009-1011 Broad St Columbus, OH.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime location in the rapidly developing Franklinton area.; High-traffic corner lot at W. Broad St. & Dakota Ave.; Excellent visibility and accessibility.
    Request Owner's contact information
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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
    1009-1011 Broad St Columbus, OH 43222
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