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    941 Broad St Columbus, OH 43222

    Sponsored
    For Sale
    $497,000

    Columbus, OH: 4,400 SF, 100% Occupied

    Property size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 941 West Broad Street in Columbus, Ohio, presents a compelling investment opportunity. The 4,400 square foot building, constructed in 1900, boasts two stories and a desirable 10-foot first-floor ceiling. Situated on a 0.13-acre lot, the property benefits from a recently installed new roof and convenient rear parking. Currently 100% occupied, this freestanding building enjoys a prime location along busy West Broad Street, approximately 1.5 miles from Downtown Columbus, experiencing approximately 21,000 vehicles passing daily. Its location within a designated Opportunity Zone and the Franklinton Redevelopment Area offers significant potential for future growth. The property is zoned Commercial, LC4, and its versatile layout makes it ideal for a variety of uses, including office space, an event venue, creative studios, a bar, or even residential conversion (subject to permitting). The asking price is $497,000, translating to $112.95 per square foot. The property's features, location, and zoning regulations make it an attractive investment prospect with strong potential for future returns. The parcel number is 010-000778-00. The property is also situated along a proposed Bus Rapid Transit (BRT) corridor.

    Property Features for 941 Broad St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,400 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 4,400 SF freestanding building.
    • 0.13‑acre lot.
    • 10' first‑floor ceiling height.
    • New roof.
    • Rear parking.
    • Proposed BRT corridor location.
    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
    -83.025455875141
    Latitude
    39.959162891113

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    FAQs

    What type of property is this?
    Mixed-use property - Columbus, OH: 4,400 SF, 100% Occupied
    Where is this mixed-use property located?
    The property is located at 941 Broad St Columbus, OH.
    What is the asking price?
    The asking price for this property is $497,000.
    What are key features of this property?
    This property features: 4,400 SF freestanding building.; 0.13-acre lot.; 10' first-floor ceiling height.
    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
    941 Broad St Columbus, OH 43222
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