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1015 Broad St Columbus, OH 43205

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For Sale
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12,000 SF Office, 8% Cap Rate

Property size:
12,000 SF

Property Features for 1015 Broad St

General Information

Property type
Office Properties & Spaces
Square Feet
12,000 SF
Lot Size
21,780 SF

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Listing Contact
Brad Kitchen
Brad Kitchen

Listing Agency: Alterra Real Estate Advisors Listing Agent: Brad Kitchen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully renovated, 12,000-square-foot office building situated on a half-acre lot at 1015 E Broad St, Columbus, Ohio 43205. Located in the desirable Olde Town East neighborhood, just outside of Downtown Columbus, this two-story building boasts a prime location on a major east-west thoroughfare. The property includes 40 parking spaces, a significant advantage in this area. Recent renovations encompass a complete interior overhaul, two new HVAC units, a new gutter system, and a state-of-the-art access control system. Security features include key fob access, security cameras, and an intercom system with remote access capabilities. The building offers a strong net operating income (NOI) of $153,188, resulting in an attractive 8% capitalization rate. The asking price is $1,995,000. This property presents an excellent opportunity for an owner-occupant to utilize all or a portion of the space while generating rental income from the remaining area. Alternatively, investors can capitalize on the potential to increase rental rates and explore additional revenue streams from parking. The finished lower level adds to the versatility and functionality of this well-maintained and updated commercial property.
Property Profile Insight Report Location Intelligence

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Location Insight

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City
Columbus
County
Franklin
State
Ohio
Longitude
-82.9736355
Latitude
39.9650095

FAQs

What type of property is this?
Office Property / Space - 12,000 SF Office, 8% Cap Rate
Where is this office property / space located?
The property is located at 1015 Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $1,995,000.
(520) 232-0200 Call to check price and availability
More about this property
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