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1185-1205 W Broad St 12,058 SF 100% Leased Retail Building Columbus, OH 43222 $1,500,000 ($124.40/SF) 7.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-use building on Broad Street in the heart of Franklinton
- CRA tax abatement for the area and benefit from additional OZ benefits
- Located in an Opportunity Zone
- Well positioned to benefit from the growth of Columbus
EXECUTIVE SUMMARY
Rare opportunity to acquire a mixed-use building on Broad Street in the heart of Franklinton. Located in an Opportunity Zone, this sale includes two lots currently used as parking. The parking lots could be developed and would fall under the existing CRA tax abatement for the area and benefit from additional OZ benefits. The tenants are paying well below market rent allowing the next owner to push rents as the area continues to improve. Billions of dollars are being invested in Franklinton and with its close proximity to Downtown, this property is well positioned to benefit from the growth of Columbus.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,058 SF
Building Class
C
Year Built
1900
Price
$1,500,000
Price Per SF
$124.40
Cap Rate
7.05%
NOI
$105,778
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
LC4, R-2 - LC4 - Commercial, R-2 - Residential
Parking
12 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- One Way Street Ministries
- Services
- -
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$9.99
-
Lorem Ipsum
-
Jan 0000
- Your Family Accounting
- -
- -
- -
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| One Way Street Ministries | Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Your Family Accounting | - | - | - | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010-054063 | Improvements Assessment | $13,480 |
| Land Assessment | $34,200 | Total Assessment | $47,680 |
PROPERTY TAXES
Parcel Number
010-054063
Land Assessment
$34,200
Improvements Assessment
$13,480
Total Assessment
$47,680
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1185-1205 W Broad St
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