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510 E North Broadway St, Columbus, OH, 43214

510 E North Broadway St
$3,650,000

Key Information

Cap Rate
8.57%
Tot. SF
57,546
Year Built
1973
Term Remaining
±1.01 Yrs
Type
Healthcare
NOI
$312,945

Highlights

  • Significant Capital Reinvestment: The property has recently benefited from meaningful upgrades, including $800,000 of tenant-funded improvements and additional ownership investment in building systems and common areas.
  • Attractive Basis & Value Play: Offered at a compelling price well below replacement cost and market averages for Columbus office assets, providing investors with an advantageous entry point and immediate built-in value.
  • Prime Clintonville Location: Strategically located in the highly desirable Clintonville submarket, the asset offers excellent accessibility via I-71 and is well-served by multiple COTA transit lines, enhancing convenience for both tenants and visitors.
  • Diverse & Established Tenant Mix: Anchored by respected professional, medical, and nonprofit organizations—including Nationwide Children’s Hospital Neighborhood Center, Columbus Speech & Hearing, DSACO, and Greenleaf—the property enjoys a stable, long-term income stream with reduced exposure to any single sector.
  • Strong Demographics: The surrounding area boasts a population of nearly 387,000 within a 5-mile radius and an average household income of $168,000+, providing a deep, affluent customer and employee base that supports tenant stability and growth.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113