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1227-1255 Oak St 0.77 Acres of Commercial Land Offered at $1,850,000 in Columbus, OH 43205
Executive Summary
Oak Street Living is a fully zoned multi-family featuring 51 modern one-bedroom apartments in Olde Towne East, Columbus, Ohio. This project benefits from a 15-year, 100% tax abatement and a ten percent (10%) Ohio state tax credit, oering significant financial incentives. With zoning approvals secured, the development is ready for immediate construction within a few months. Located in a thriving neighborhood with an average home sale price of approximately $413,850 over the past twelve (12) months, and recent developments like the Triumph Apartments and Ogden project, Oak Street Living promises high rental demand and attractive returns for investors. The purchase price is $1.85 million, inclusive of all necessary plans and approvals.
Property Facts
| Price | $1,850,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.77 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | C - Commercial - Multi-Family | ||
| Price | $1,850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.77 AC |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial - Multi-Family |
1 Lot Available
Lot
| Price | $1,850,000 | Lot Size | 0.77 AC |
| Price Per AC | $2,402,597.40 |
| Price | $1,850,000 |
| Price Per AC | $2,402,597.40 |
| Lot Size | 0.77 AC |
Zoned 51-unit multi-family development in the heart of Olde Towne East with 100% tax abatement and potential 10% State Tax Credit.
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-039626 | Improvements Assessment | $8,260 |
| Land Assessment | $118,020 | Total Assessment | $126,280 |
Property Taxes
Parcel Number
010-039626
Land Assessment
$118,020
Improvements Assessment
$8,260
Total Assessment
$126,280
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1227-1255 Oak St
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