1471 Broad StColumbus, OH 43205

For Sale
$499,000

High-Income Potential, Mixed-Use Building

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional mixed-use property at 1471 E Broad Street in Columbus, Ohio, presents a compelling investment opportunity. The 3,495 square foot building, constructed in 1900 and renovated in 1982, sits on a 6,969.6 square foot lot. Currently, the property boasts a 66% occupancy rate, generating substantial income. The first floor comprises office space, leased until June 30, 2025, at a monthly rent of $1200. This provides immediate and consistent cash flow for the new owner. The second floor is currently vacant, offering significant potential for owner-occupancy or further lease income generation. Finally, a studio apartment on the third floor is rented on a month-to-month basis at $600 per month. The total net rentable square footage is 4,573 square feet, with an asking price of $499,000, resulting in a price per square foot of $142.78. This property is ideally situated in the vibrant Columbus, Ohio market, within the 43205 zip code, offering excellent access to local amenities and transportation. The building's unique blend of office and residential space makes it an attractive proposition for both investors seeking strong returns and owner-occupants looking for a blend of income and personal space. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential.

Highlights

  • 1471 E Broad Street, Columbus, OH 43205: 3,495 SF mixed-use building on a 6,969.6 SF lot.
  • Built in 1900, renovated in 1982, with 66% occupancy.
  • First floor office space leased until June 30, 2025, at $1200/month.
  • Second floor vacant; third floor studio apartment rented month-to-month at $600/month.
  • 4,573 SF net rentable area; $499,000 asking price ($142.78/SF).

Property Details for 1471 Broad St

Property type
Other specialty properties, Specialty properties
Square Feet
3,495 SF
Year Built/Renovated
1900/1982
Units
3

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9664807
Longitude
-82.9615459
1471 Broad St, Columbus, Ohio

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1471 Broad St
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