1185 1187-1189 1193 1199-1201 W Broad St & 29-31 S Yale St - 1185 1187-1189 1193 1199-1201 W Broad St & 29-31 S Yale St, Columbus, OH 43222
For Sale
For Sale
-
Year Built
1900
-
Overview
MIXED-USE BUILDING IN FRANKLINTON. 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. Apartments are directly above retail and office space with two ground floor tenants that recently renewed through 2025. 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 Details
MIXED-USE BUILDING IN FRANKLINTON. 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. Apartments are directly above retail and office space with two ground floor tenants that recently renewed through 2025. 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 TypeOffice/Retail Mixed
- Submarket
- Year Built1900
- Sale Price$2,100,000
- Total Acres0.9
- Cap Rate7.0%
- ZoningLC4 - Commercial and R-2 - Residential
- Will build to suitNo
- SewerNo
- Corner lotNo
- Last updatedMar 05, 2024
- Property ID2232510
You Might Also Like
-
5,000 - 40,000sqftN/A
-
1,200 - 40,000sqftN/A
-
4,540sqft$7,378/mo
-
1,200 - 75,000sqftN/A
-
10,000sqftN/A