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2403-2409 W Broad St 11,456 SF 100% Leased Retail Building Columbus, OH 43204 $1,205,872 CAD ($105.26 CAD/SF) 12.71% Cap Rate
Investment Highlights
- Fully occupied mixed-use investment with Value Add
- $138,000 gross annual income
- High visibility on W Broad St
Executive Summary
Fully occupied mixed-use investment opportunity on the highly visible West Broad Street corridor in Columbus, Ohio. The property features 9 apartment units and 6 commercial spaces with strong in-place cash flow and value-add upside through future rent increases and lease renewals.
Commercial tenants include a convenience store, pizza operation, barber shop, nail salon, hair salon, and storage tenant. Several month-to-month leases provide flexibility for future repositioning and increased income potential.
Conveniently located minutes from Downtown Columbus, Franklinton, I-70, and along the planned LinkUS West Broad BRT corridor, an area seeing continued public and private redevelopment investment.
Property Highlights:
• 9 Apartment Units
• 6 Commercial Spaces
• Fully Occupied
• Over $138,000 Gross Annual Income
• Strong Visibility & Frontage
• Value-Add Potential
• Mixed-Use Investment Opportunity
Commercial tenants include a convenience store, pizza operation, barber shop, nail salon, hair salon, and storage tenant. Several month-to-month leases provide flexibility for future repositioning and increased income potential.
Conveniently located minutes from Downtown Columbus, Franklinton, I-70, and along the planned LinkUS West Broad BRT corridor, an area seeing continued public and private redevelopment investment.
Property Highlights:
• 9 Apartment Units
• 6 Commercial Spaces
• Fully Occupied
• Over $138,000 Gross Annual Income
• Strong Visibility & Frontage
• Value-Add Potential
• Mixed-Use Investment Opportunity
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,456 SF
Building Class
C
Year Built
1930
Price
$1,205,872 CAD
Price Per SF
$105.26 CAD
Cap Rate
12.71%
NOI
$153,255 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.25
Lot Size
0.21 AC
Zoning
UCT, Columbus
Parking
6 Spaces (0.52 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-038005 | Improvements Assessment | $146,979 CAD |
| Land Assessment | $26,819 CAD | Total Assessment | $173,797 CAD |
Property Taxes
Parcel Number
010-038005
Land Assessment
$26,819 CAD
Improvements Assessment
$146,979 CAD
Total Assessment
$173,797 CAD
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2403-2409 W Broad St
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