4170 Broad St Columbus, OH 43228
- Retail space
- 9,686 SF
- 0.75 lot acres
Current Use by Public Records
- Westland Flea Market / Flea Market
- Golden Nugget / Jeweler
- Garcia's Lighting & Graphics LLC / Print Shop
- Pacos Ricas Botanas / Store
- Botánica y Yerberia El Rincón de San Judas / Metaphysical Supply Store
Property Details for 4170 Broad St
- Year built
- 1978
- Lot size
- 0.75 lot acres
- Property size
- 9,686 SF
- Property type
- Retail space
- APN
- 140-005510
- APU
- 140005510
Description
Exceptional investment opportunity: a thriving, turnkey flea market in Columbus, Ohio. This 50,000 square foot retail property, situated on six acres of land, boasts 100% occupancy and a strong historical performance, generating a net operating income (NOI) of $499,320 and an 8.30% cap rate. The property includes 616 rentable spaces, concessions, and "flealess" sales areas. The Westland Flea Market has a proven track record of success spanning over 30 years, with a significant waiting list of prospective tenants. Recent renovations (2023) encompass bathrooms, flooring, carpeting, plumbing, roof repairs, and new boilers, ensuring the property is well-maintained and ready for continued success. The property is zoned for commercial use and enjoys a prime location in a high-traffic area, conveniently situated off highway 270. The sale includes all equipment, inventory, and real estate. The property's parcel numbers are 140-005510 and 140-007169-00. A two-year lease term is available for multi-tenant occupancy. This is a rare opportunity to acquire a highly profitable, established business 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
- -83.1125
- Latitude
- 39.9537
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
