Residential Renewal of a Columbus Landmark 1312 E Broad St
43 Apartment Units Online Auction Sale Columbus, OH 43205


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 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
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
9.9%
Market Cap Rate
9.9%
Market Sale Price/Unit Change (YOY)
Market Sale Price per Unit
Columbus - OH USA
Market Cap Rate
Columbus - OH USA
Market Sale Price per Unit by Star Rating
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Market Cap Rate by Star Rating
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Market Sale Price per Unit Distribution
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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 |
ZONING
Zoning Code | AR-O (Apartment Office District) |
SALE ADVISOR
Alex Marsh, Vice President
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.