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    00 Broad St Columbus, OH 43228

    For Sale
    $1,200,000

    1.2-acre commercial lot, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.2-acre commercial land parcel, known as Weston Outlot B, presents a remarkable investment opportunity in Columbus, Ohio. Located at 00 West Broad Street, this property boasts approximately 179 feet of frontage along West Broad Street, ensuring high visibility and accessibility. Pre-existing utilities are already on-site, simplifying development plans. The lot is conveniently situated near the I-270 on/off ramps, providing easy access to major transportation routes. This location benefits from high traffic volumes on West Broad Street and the proximity of numerous established retailers, including Sheetz and Bob Evans, creating a vibrant and thriving commercial environment. The property is also less than 0.8 miles from the Hollywood Casino, further enhancing its appeal. This outlot is part of a larger development opportunity, with four outlots available for sale along West Broad Street, formerly the parking lot area of the Westland Mall. The property's location in Franklin County, Ohio, with a zip code of 43228, is further defined by APN 140-007155-00. The asking price is $1,200,000, reflecting a land value of $1,000,000 per acre. The lot can be subdivided to a smaller size, with pricing remaining at $1,000,000 per acre. Access to the property is facilitated by an existing traffic light. This prime location offers unparalleled potential for a variety of commercial developments.

    Property Features for 00 Broad St

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre commercial land parcel in Columbus, OH, at 00 West Broad Street.
    • 179 feet of West Broad Street frontage, providing high visibility and accessibility.
    • Pre‑existing utilities on‑site, simplifying development.
    • Convenient location near I‑270 on/off ramps and high traffic volume.
    • Proximity to established retailers (Sheetz, Bob Evans) and Hollywood Casino.
    • Part of a larger development with four available outlots, formerly Westland Mall parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.114744544784
    Latitude
    39.952846501721

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    FAQs

    What type of property is this?
    Land - 1.2-acre commercial lot, excellent visibility.
    Where is this land located?
    The property is located at 00 Broad St Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 1.2-acre commercial land parcel in Columbus, OH, at 00 West Broad Street.; 179 feet of West Broad Street frontage, providing high visibility and accessibility.; Pre-existing utilities on-site, simplifying development.
    Request Owner's contact information
    00 Broad St Columbus, OH 43228
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    Columbus, OH 43228
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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
    00 Broad St Columbus, OH 43228
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