1471 Broad St Columbus, OH 43205-1599

Property Details for 1471 Broad St

Year built

1900

Lot size

0.17 lot acres

Property size

3,123 SF

Property type

Office buildings

APN

010-037046

APU

10037046

Description

This exceptional mixed-use property at 1471 E Broad Street in Columbus, Ohio, presents a compelling investment opportunity. The 3,495 square foot building, constructed in 1900 and renovated in 1982, sits on a 6,969.6 square foot lot. Currently, the property boasts a 66% occupancy rate, generating substantial income. The first floor comprises office space, leased until June 30, 2025, at a monthly rent of $1200. This provides immediate and consistent cash flow for the new owner. The second floor is currently vacant, offering significant potential for owner-occupancy or further lease income generation. Finally, a studio apartment on the third floor is rented on a month-to-month basis at $600 per month. The total net rentable square footage is 4,573 square feet, with an asking price of $499,000, resulting in a price per square foot of $142.78. This property is ideally situated in the vibrant Columbus, Ohio market, within the 43205 zip code, offering excellent access to local amenities and transportation. The building's unique blend of office and residential space makes it an attractive proposition for both investors seeking strong returns and owner-occupants looking for a blend of income and personal space. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential.