• 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

Office/Retail Mixed

For Sale

This property is available for sale
0.9
Acres
$2,100,000
Sale Price
  • 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.

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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 Type
    Office/Retail Mixed
  • Submarket
  • Year Built
    1900
  • Sale Price
    $2,100,000
  • Total Acres
    0.9
  • Cap Rate
    7.0%
  • Zoning
    LC4 - Commercial and R-2 - Residential
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Last updated
    Mar 05, 2024
  • Property ID
    2232510

Landlord's Sales Representative

  • Alex Marsh
    The Robert Weiler Company