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1185 W Broad St 6,000 SF of Retail Space Available in Columbus, OH 43222
Highlights
- Mixed-use building on Broad Street in the heart of Franklinton
- 6,000 +/- SF of commercial space available on the first floor
- Located in an Opportunity Zone
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
6,000 +/- SF of commercial space available on the 1st floor. Ideal for owner/user
- Excellent Owner/User Opportunity
- Located in an Opportunity Zone
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,000 SF | Gross Leasable Area | 8,505 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.79/1,000 SF |
| Total Space Available | 6,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 8,505 SF |
| Year Built | 1900 |
| Parking Ratio | 0.79/1,000 SF |
About the Property
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 additional parcels currently utilized as parking. These lots present a compelling development opportunity and fall within the existing CRA tax abatement area, while also qualifying for additional Opportunity Zone benefits. The property features commercial space on the first floor that is ideal for an owner/user seeking office or retail presence along Broad Street. With income generated from the upper-level apartments and other in-place commercial tenants, a majority — if not all — of the building’s ownership costs could be offset, creating a highly attractive live/work or investment scenario. Current tenants are paying below-market rents, providing meaningful upside as leases roll and the continued revitalization of Franklinton drives rental growth. With billions of dollars being invested in the neighborhood and its immediate proximity to Downtown Columbus, this asset is exceptionally well positioned to benefit from the city’s ongoing growth and momentum.
- Bus Line
- Signage
Nearby Major Retailers
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1185 W Broad St
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