1312 Broad St Columbus, OH 43205
- Apartment buildings
- 85,831 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1312 Broad St
- Year built
- 1924
- Property size
- 85,831 SF
- Property type
- Apartment buildings
Description
This magnificent eight-story, 85,831 square foot apartment building, constructed in 1924, presents a unique investment opportunity in the heart of Columbus, Ohio. Located at 1312 E Broad St, in the AR-O Apartment Office District (Franklin County, zip code 43205), this property offers 60 units and is situated less than five minutes from downtown. Previously approved historic tax credits and the potential for additional abatements significantly enhance its investment appeal. The building's location within an Opportunity Zone provides investors with access to potential tax benefits. While currently in shell condition and requiring complete renovation, preliminary plans included converting the building into 50 condo units, showcasing the property's adaptability for various uses, including multi-family, condo conversion, or even hospitality. This trophy asset offers endless possibilities in one of the Midwest's fastest-growing cities. The asking price is $2,500,000. This is a rare chance to acquire a substantial property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9663
- Latitude
- 39.9577
