1471 E Broad Street, Columbus, OH 43205

Property Description

Mixed-use asset positioned along the highly desirable E Broad Street corridor, offering a blend of commercial and residential income streams with immediate value-add potential. The property consists of three units: a first-floor office space, a second-floor residential unit, and a third-floor residential unit. Unit A (first-floor office) is currently being vacated and will be available for lease starting July 1, 2026, with prior rent at $1,500 per month. Unit B (second floor) is leased at $900 per month through June 30, 2027. Unit C (third floor) is currently vacant and was previously rented at $700 per month. The first-floor office space includes five rooms, while the second-floor unit offers six rooms with a kitchen and bathroom, and the third-floor unit includes three rooms with a kitchen and bathroom. The property also features a full unfinished basement with walk-up exterior access, adding storage and utility flexibility. Tenants pay all utilities, with electric, gas, and water individually submetered through Pioneer Energy Management, helping maintain low and predictable operating expenses. Major components include a slate roof, older but durable, with first- and second-floor HVAC systems approximately 10 years old and third-floor HVAC around 5 years old. Hot water tanks range from 1 to 10 years old. Electrical has been upgraded from knob and tube to circuit breakers, though the exact timing is unknown.