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Development Land 397 W Broad St 250 Unit Apartment Building For Sale Columbus, OH 43215
Investment Highlights
- Prime Development-Ready Site on West Broad Street
- Potential project consists two 7-story apartment buildings with 250 residential units
- Located in a high-density downtown area with easy access to major roads
Executive Summary
Residing on the former Columbus Spaghetti Warehouse site, the new construction project dubbed ‘The Macklin’ (for a former hotel on the Broad St edge) is made up of two (2) residential buildings with 2 floors podium parking + 5 floors of residential wood construction above. Each building has an Amenity deck (Winter vs Summer) above the podium with residential amenities throughout including the street level program on Broad Street and State Street. Parking is accessed from the required emergency fire lane along the east side of the property. The fire lane is planned to be utilized as a pedestrian plaza (with removable/collapsible bollards) with historic timelines of the site. PROGRAM: (2) buildings totaling 342,420 SF / 250 units total with 277 parking spaces (3) Types - Studio, 1-Bedroom, 2-Bedroom / (2) 5 levels of Residential over (2) levels of Parking with Residential Amenity at Ground Level / 2) Amenity Decks (1 per building).
Property Facts
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 250 | Building Size | 235,000 SF |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built | 2028 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.18/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.66 AC | ||
| Zoning | DD - Downtown District | ||
| Sale Type | Investment |
| No. Units | 250 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.66 AC |
| Construction Status | Proposed |
| Building Size | 235,000 SF |
| No. Stories | 7 |
| Year Built | 2028 |
| Parking Ratio | 1.18/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DD - Downtown District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 35 | - | 465 |
| 1+1 | 149 | - | 596 |
| 2+1 | 62 | - | 896 |
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Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 010-010128 | Improvements Assessment | $99,190 |
| Land Assessment | $238,000 | Total Assessment | $337,190 |
Property Taxes
Parcel Number
010-010128
Land Assessment
$238,000
Improvements Assessment
$99,190
Total Assessment
$337,190
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Development Land | 397 W Broad St
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