Residential Renewal of a Columbus Landmark 1312 E Broad St

43 Apartment Units Online Auction Sale Columbus, OH 43205

Counterbid
We have been authorized to place a counterbid on the seller’s behalf in order to encourage buyer and seller toward a mutually agreeable price. We will stop counterbidding once the seller’s reserve price has been met.
Auction On April 28 - 30, 2025
38 DAYS d
:
I
13 HRS h
:
I
58 MIN m
:
I
55 SEC s
Auction Starts
973 HRS h
:
I
58 MIN m
:
I
55 SEC s
Auction Ends
Finalizing
$325,000
Starting Bid
--
Current Bid
Current Purchase Price
$100,000
Bid Increment
Status
Reserve Not Met
In Progress
198,535
Total Views
Your registration has been denied. Please contact Help Center at 888-770-7332 for more information.
You will receive an email confirmation upon approval

Place your bid!

Your last bid was rejected. Please contact Help Center at 888-770-7332 for more information.
You have exceeded your bid limit. Visit your buyer dashboard to submit additional proof of funds.
You are approaching your bid limit. Visit your buyer dashboard to submit additional proof of funds.
The purchase price of the next bid is less than the purchase price of the current bid.
Your Bid Limit: No Bid Limit
Min Bid is $325,000
$325,000
Starting Bid
$100,000
Bid Increment
Reserve Not Met
In Progress
Real Time Engine
Real time updates have been disconnected, reconnecting...
Real Time Engine
Real time updates reconnected successfully
Virtual Tour

INVESTMENT HIGHLIGHTS

  • This historic building offers an ideal canvas for a multifamily, condo, or hospitality redevelopment project, with valuable development advantages.
  • Entered on the National Register of Historic Places, the property is a fixture of Columbus’s Broad Street corridor, seen by more than 22k VPD.
  • Location attracts commuters with proximity to major employers, including Nationwide, Honda, Huntington Bank, and American Electric Power.
  • One previous project at the site was approved for historic tax credits, as well as the potential for other abatements.
  • Qualified Opportunity Zone | A redevelopment project can qualify for lucrative capital gains tax advantages after meeting the investment threshold.

EXECUTIVE SUMMARY

The Robert Weiler Company is proud to invite qualified investors and developers to discover the incredible opportunity to reimagine the Broadwin Apartments, a historic residential building just outside of Downtown Columbus, Ohio, at 1312 E Broad Street. Sitting vacant and in mostly shell condition since 2017, the property offers an immense opportunity to complete a full renovation and create new, high-demand housing units.

The Broadwin Apartments complex is an ideal canvas for a new multifamily, residential condo, or hospitality project, with versatile specs and beneficial development advantages. The stunning property comprises up to 50 potential units across eight stories, totaling 87,771 square feet. The building boasts spacious floor plates and large windows that provide rich natural light and beautiful views of the Columbus skyline. Entered on the National Register of Historic Places, the building is an easily recognizable fixture of the area. Its eye-catching Second Renaissance Revival façade draws the attention of more than 22,000 vehicles passing by on Broad Street each day. A new development will benefit from the property’s location within a designated Opportunity Zone, providing substantial potential capital gains tax incentives to projects that meet the required investment threshold. A previous project aiming to create 50 condo units at the property was approved for historic tax credits, as well as the potential for other abatements.

Sitting directly off Broad Street, Columbus’ primary East-West corridor, the Broadwin Apartments enjoy an easily accessible position with convenient proximity to top amenities and large job centers. This vital artery provides quick connections to Downtown Columbus as well as major highways, including Interstates 70, 71, and 670. Longer distance travel is facilitated by the John Glenn Columbus International Airport, reachable in just seven minutes. The location is ideal for commuting professionals, placing them within 10 minutes of many of the area’s largest employers, including headquarters and vital corporate offices for Nationwide (16,000 employees), Honda (8,550 employees), Huntington Bank (5,741 employees), and American Electric Power (4,500 employees). Additionally, proximity to Downtown Columbus allows future residents and tenants to easily find the city’s best opportunities for shopping, dining, recreation, and nightlife.

Opportunities are endless for this landmark trophy property in one of the fastest-growing cities in the Midwest. Don’t miss your chance to become part of Columbus’s past, present, and future with the revitalization or redevelopment of the historic Broadwin Apartments.

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

$99,999

Asset Value

$99,999

12 Month Sales Volume

12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted Units
999
999
999
Average Units
999
999
999

9.9%

Market Cap Rate

9.9%

Market Sale Price/Unit Change (YOY)

12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/Unit
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-

Market Sale Price per Unit

Columbus - OH USA

Market Cap Rate

Columbus - OH USA

Market Sale Price per Unit by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per Unit Distribution

Market Cap Rate Distribution

PROPERTY FACTS

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 43
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.73 AC
Building Size 87,771 SF
Average Occupancy 0%
No. Stories 8
Year Built 1924
Opportunity Zone Yes
Bike Score®
Very Bikeable (78)

ZONING

Zoning Code AR-O (Apartment Office District)

SALE ADVISOR

SALE ADVISOR

(614) 221-4286 x118
Contact
Alex Marsh, Vice President
(614) 221-4286 x118
Contact
Alexander N. Marsh is involved with office, commercial, retail, multi-family, and land real estate transactions. He is involved in all aspects of commercial real estate but specializes in private equity investments by assisting clients in locating, acquiring, and structuring investment transactions throughout the Greater Central Ohio Region.

Alex began working with The Robert Weiler Company in May 2013. He has been involved in the brokerage, development, and consulting departments of The Robert Weiler Company. He provides national, regional, and local clients expert knowledge on the Ohio commercial real estate market. Prior to joining The Robert Weiler Company, Alex worked in property management, dealing specifically with multi-family commercial investments.

Alex graduated from The Ohio State University with a Bachelor’s degree in Entrepreneurship. His professional affiliations include the National Association of Realtors, Ohio Association of Realtors, and the Columbus Realtors.

Alex has been a resident of Central Ohio for over thirty years and is deeply passionate about the community. He serves on the American Red Cross Young Professionals Board, the Center of Science and Industry (COSI) Young Professional board, and the Bexley Education Foundation Board. Alex also captains the Robert Weiler Company Pelotonia Team, is a member of the Athletic Club of Columbus, and the Columbus Young Professionals Club.
Alex began working with The Robert Weiler Company in May, 2013. He has been involved in the brokerage, development, and consulting departments of The Robert Weiler Company. He provides national, regional, and local clients expert knowledge on the Ohio commercial real estate market. Prior to joining The Robert Weiler Company, Alex worked in property management, dealing specifically with multi-family commercial investments.

Alex graduated from The Ohio State University with a Bachelor’s degree in Entrepreneurship. His professional affiliations include National Association of Realtors, Ohio Association of Realtors, and the Columbus Realtors.

ABOUT THE AUCTION PLATFORM

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

AUCTION CONTACT

Pace Zambito
Auctioneer License: Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
  • Listing ID: 32029806

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 1312 E Broad St, Columbus, OH 43205