1009-1011 Broad St Columbus, OH 43222
- Retail residential properties
- 4,240 SF
- 0.13 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 1009-1011 Broad St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 4,240 SF
- Property type
- Retail residential properties
- APN
- 010-029098
- APU
- 10029098
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0275
- Latitude
- 39.9586
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
