3440 Broad St Columbus, OH 43204-1211
This exceptional 21,844-square-foot industrial building, situated on a 2-acre lot in Columbus, Ohio (43204), presents a compelling investment opportunity. Built in 1951 and extensively renovated in 2018, the property boasts a two-story design with a 2,500-square-foot basement featuring double walkout doors and large exterior stairs. The building offers an open floor plan with no columns in the main area, providing maximum flexibility for various industrial uses. Key features include a kitchen area, new steel doors and frames (2018), pylon signage, on-site COTA bus stop access, and energy-efficient LED lighting (2020). The property benefits from upgraded plumbing (2-inch PVC with PVC and PEX supply lines), a compressed air system (plumbed throughout half the building in 2021), and ample electrical service (3-phase 120/208v and 480/277v, both 400 amp). Its location in an Opportunity Zone offers potential tax advantages for investors. Recent modifications to multifamily zoning requirements by the City of Columbus further enhance the property's development potential. The building's prime corner location at West Broad and Wilson Road ensures high visibility and easy accessibility. Available for sale with a leaseback option, occupancy is slated for October 16, 2024. The permitted zoning is M.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.