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871-883 Town St - .44 Acres Land Urban Center Zoning 0.44 Acres of Commercial Land Offered at $425,000 in Columbus, OH 43222
Executive Summary
Currently Leased by Community Farm with approved CAUV tax plan (auditor approved reduction)
Stabilized for holding at no cost to owner--cost of insurance and taxes covered by tenant
Sister property listed for sale across Martin for co-development
Across from Thrive Mount Carmel Redevelopment and future city park
Estimated GDV between $25-35M
Stabilized for holding at no cost to owner--cost of insurance and taxes covered by tenant
Sister property listed for sale across Martin for co-development
Across from Thrive Mount Carmel Redevelopment and future city park
Estimated GDV between $25-35M
Property Facts
1 Lot Available
Lot
| Price | $425,000 | Lot Size | 0.44 AC |
| Price Per AC | $965,909.09 |
| Price | $425,000 |
| Price Per AC | $965,909.09 |
| Lot Size | 0.44 AC |
4 Contiguous Parcels for Redevelopment UTC Urban Center zoning Up to Five Stories; Up to Seven Stories With Bonus Affordable Housing Height No Setbacks No Parking Opportunity Development Zone (Tax Abatement Incentives)
Description
.4382 Acres of cleared land Urban Center UTC zoning at the corner of Town and Martin. Prime location for redevelopment with Opportunity Zone and updated zoning plan to accommodate maximum density and footprint with no parking requirement.
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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Friends of Franklinton LLC
871-883 Town St - .44 Acres Land Urban Center Zoning
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