Property Description

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.

Property Features

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