350 E Broad St
Columbus, OH 43215
Downtown Office with MF Redevelopment Play · Office Property For Sale
Investment Highlights
- Prime location for redevelopment through demolition and multi-family replacement featuring five residential floors and two parking levels.
- Within walking distance of Capital University Law School, Columbus College of Art and Design, and Columbus State Community College.
- Growing population of 378,868 people within a five-mile radius in office and multi-family submarkets with below national average vacancy rates.
- Amenity-filled area including Capital Square, Columbus Metropolitan Library, Topiary Park, Grant Hospital, the Columbus Museum of Art, and more.
- Highly walkable area which also has access to bus route, I-71, and I-670 within a one-mile or less radius.
- In Downtown Columbus where the top employment sectors are education and health services, financial activities, and public administration.
Executive Summary
350 E Broad St is a 30,520-square-foot office building on a 0.23-acre corner lot. The office building features a red brick exterior with ribbon windows. While this building has been used as an office building for more than fifty years, the site also offers a prime location for redevelopment. The building is in the heart of Columbus and has commercial zoning. It is vacant and could be demolished and replaced with 50,000 square feet of residential housing and two levels of parking. This housing would have great potential as student housing, given the two large colleges nearby. The redevelopment would not only take better advantage of the parcel dimensions but also create improved access via entrances at Broad and Grant and allow the exterior to take on a more architecturally distinct design. The property also has a potential replacement for a hotel.
350 E Broad St is in Columbus’s desirable downtown district, surrounded by endless city amenities within walking distance, including Capital Square, the Columbus Metropolitan Library, Topiary Park, Grant Hospital, the Columbus Museum of Art, the Museum of Catholic Art and History, and more. Residents or employees alike will enjoy the numerous sandwich and coffee shops nearby, the access to Hills Market Grocery Store, and national retailers Starbucks, Domino’s Pizza, Subway, Jimmy John’s, Einstein Bros Bagels, and more. In addition, 350 E Broad St is across the street from Capital University Law School, less than a quarter of a mile from Columbus College of Art and Design, and less than a mile from Columbus State Community College. The area is highly walkable, but for those who desire other modes of transportation, a bus route stops in front of the office, and I-71 and I-670 are within a one-mile radius.
350 E Broad St has a growing population of 378,868 people within a five-mile radius. The population growth rate is 1.4% within a two-mile radius. Locals within a five-mile radius spend $632,655,757 annually on their households. The top three employment sectors in the area are education and health services, financial activities, and public administration.
Property tours are available by appointment only. Please contact the listing broker to schedule.
350 E Broad St is in Columbus’s desirable downtown district, surrounded by endless city amenities within walking distance, including Capital Square, the Columbus Metropolitan Library, Topiary Park, Grant Hospital, the Columbus Museum of Art, the Museum of Catholic Art and History, and more. Residents or employees alike will enjoy the numerous sandwich and coffee shops nearby, the access to Hills Market Grocery Store, and national retailers Starbucks, Domino’s Pizza, Subway, Jimmy John’s, Einstein Bros Bagels, and more. In addition, 350 E Broad St is across the street from Capital University Law School, less than a quarter of a mile from Columbus College of Art and Design, and less than a mile from Columbus State Community College. The area is highly walkable, but for those who desire other modes of transportation, a bus route stops in front of the office, and I-71 and I-670 are within a one-mile radius.
350 E Broad St has a growing population of 378,868 people within a five-mile radius. The population growth rate is 1.4% within a two-mile radius. Locals within a five-mile radius spend $632,655,757 annually on their households. The top three employment sectors in the area are education and health services, financial activities, and public administration.
Property tours are available by appointment only. Please contact the listing broker to schedule.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
30,520 SF
Building Class
B
Year Built/Renovated
1950/1986
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
5,131 SF
Slab To Slab
12’
Building FAR
3.05
Lot Size
0.23 AC
Zoning
C, Columbus
Parking
12 Spaces (1.73 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 010-038876 | Improvements Assessment | $75,005 |
Land Assessment | $169,225 | Total Assessment | $244,230 |