Conceptual 12-unit redevelopment opportunity in the heart of Franklinton's rapidly transforming growth corridor. This rare 0.318-acre assemblage offers developers, builders, and investors the opportunity to capitalize on one of Columbus's most active infill markets.
An existing conceptual site plan illustrates the potential for a 12-unit townhome and triplex development. The property is surrounded by substantial public and private investment, including Gravity, The Peninsula, the Broad Street corridor, and numerous mixed-use, residential, retail, and infrastructure projects that continue to fuel demand throughout the area.
Available due diligence materials include zoning information, utility availability, conceptual site plan, projected rental income & operating summary, city review of plans. Opportunity Zone benefits may apply, subject to buyer verification.
Ideally positioned just minutes from downtown Columbus, major employment centers, entertainment venues, restaurants, and parks, this offering presents a rare opportunity to establish a presence within one of Central Ohio's most dynamic and rapidly evolving neighborhoods.
*Land consists of 5 parcels and there is the option to purchase neighboring parcel to the left from the city. In addition to this, there are 2 other adjacent properties totaling ~1/3 acre that could potentially be purchased.
**The land is currently commercially zoned, providing additional development possibilities beyond residential redevelopment. Potential commercial uses may include storage bays, commercial loft spaces, or other commercial concepts permitted under the existing zoning.
Buyers should independently verify permitted uses and development requirements with the City of Columbus.
***Property has been rented for $1,041/month for last 2 years.
****With being in an opportunity zone, building affordable housing qualifies for a 15 year tax amendment and could potentially receive City of Columbus bond money.
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Zillow last checked:
Listing updated:
Listed by:
Emily Groza Yoko614-403-8444,
The Brokerage House
Source: Columbus and Central Ohio Regional MLS ,MLS#: 226029817
Source: Columbus and Central Ohio Regional MLS #226029817Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.