Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo...

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All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior sale or lease or withdrawal from market without notice, warranty or representation. John Royer CRE, SIOR 614.255.4374 [email protected] Sale Price: $6,000,000 Lot Size: 2.566 Acres Price / Acre: $2,338,270 OFFERING SUMMARY PROPERTY OVERVIEW Premier downtown setting in the heart of Franklinton Be part of a development opportunity that will contribute to this historic and changing neighborhood. Franklinton is positioning itself to become the new creative hip district of Columbus. Part of the Franklinton Community Reinvestment Area G Opportunity Zone. Current tenant Spaghetti Warehouse. LOCATION OVERVIEW Located on Broad Street the major east-west street in Columbus. Neighbors COSI, Scioto Greenway Trail, Vets Memorial, The Idea Foundry, The Dodge Recreation Center. In the heart of Franklinton nearby already developed mixed use project Gravity recently opened. Executive Summary For Sale : | 397 W Broad Street Columbus, OH 43215 614.228.2471 krgre.com 1480 Dublin Road Columbus, OH 43215

Transcript of Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo...

Page 1: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Sale Price: $6,000,000

Lot Size: 2.566 Acres

Price / Acre: $2,338,270

OFFERING SUMMARY PROPERTY OVERVIEW

Premier downtown setting in the heart of FranklintonBe part of a development opportunity that will contribute to this historic andchanging neighborhood.Franklinton is positioning itself to become the new creative hip district of Columbus.Part of the Franklinton Community Reinvestment Area G Opportunity Zone.Current tenant Spaghetti Warehouse.

LOCATION OVERVIEW

Located on Broad Street the major east-west street in Columbus.Neighbors COSI, Scioto Greenway Trail, Vets Memorial, The Idea Foundry, The DodgeRecreation Center.In the heart of Franklinton nearby already developed mixed use project Gravityrecently opened.

Executive Summary

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 2: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

BUILDING DESCRIPTION

29,719 Square Feet Multiple Level BuildingRestaurant, kitchen, dry storage 23,229 SFWarehouse 6,490 SFNot included in building square footage unfinished basement 10,077 SF

Aerial - Building

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 3: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Additional Photos

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 4: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

STATUS ADDRESS APN SIZE

Available 397 W Broad Street 010-001199-00 0.245 Acres

Available 397 W Broad Street 010-001200-00 0.245 Acres

Available 397 W Broad Street 010-001201-00 0.242 Acres

Available W Broad Street 010-007783-00 0.228 Acres

Available 397 W Broad - Restaurant 010-010128-00 1.578 Acres

Available 397 W Broad Street 010-058149-00 0.028 Acres

Parcels

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 5: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Aerial Maps

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 6: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Franklinton Area Map

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 7: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

1 White Castle Systems, Inc. 8 Bricker & Eckler LLP2 Bravo Development Inc. 9 Hexion Inc.3 Nationwide Insurance 10 State Teachers Retirement System of Ohio4 Ohio Bureau of Workers Compensation 11 Motorists Mutual Insurance Co.5 American Electric Power Company 12 The Wasserstrom Company6 Central Ohio Transit Authority 13 Grange Mutual Casualty Group7 Huntington Bancshares 14 Nationwide Children's Hospital

Notable Employers

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 8: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Flood Map

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 9: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

POPULATION 1 MILE 3 MILES 5 MILES

Total population 9,044 127,490 315,966

Median age 33.6 30.3 31.6

Median age (Male) 35.7 31.0 30.9

Median age (Female) 32.2 29.7 32.3

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,787 53,392 127,619

# of persons per HH 1.9 2.4 2.5

Average HH income $54,511 $48,457 $48,616

Average house value $287,440 $211,928 $170,642

* Demographic data derived from 2010 US Census

Demographics Map & Report

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 10: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

County Highlights

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 11: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Columbus Region

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215

Page 12: Executive Summary - LoopNet€¦ · 1 White Castle Systems, Inc. 8 Bricker & Eckler LLP 2 Bravo Development Inc. 9 Hexion Inc. 3 Nationwide Insurance 10 State Teachers Retirement

All information furnished regarding property for sale or lease is from sources deemed reliable but not made as to the accuracy thereof, and some is submitted to errors, omissions or other cancellations, prior saleor lease or withdrawal from market without notice, warranty or representation.

John Royer CRE, [email protected]

Confidentiality & Disclaimer

For Sale : | 397 W Broad Street Columbus, OH 43215

614.228.2471krgre.com

1480 Dublin RoadColumbus, OH 43215