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Investment Highlights
- Prime East Franklinton Location – Four contiguous parcels
- Qualifying improvements eligible for a 10% State of Ohio tax credit
- Acquisition Flexibility – Parcels may be purchased individually or as a complete portfolio
- Significant Tax Advantages
- Flexible Development Potential
Executive Summary
TAX-ADVANTAGED DEVELOPMENT OPPORTUNITY IN EAST FRANKLINTON. Rare opportunity to acquire four continuous parcels in the rapidly growing East Franklinton submarket of Columbus, Ohio. Total site area is approximately ±0.25 acres, with the option to purchase parcels individually or as a portfolio. The property is located within a federally designated Opportunity Zone and currently benefits from a tax abatement. In addition, qualifying improvements are eligible for a 10% State of Ohio tax credit, which can be sold for cash to enhance project returns. Zoning allows for residential, commercial, or mixed-use development, offering flexibility for a variety of project types. Situated just minutes from Downtown Columbus, the site is well positioned to benefit from continued investment and growth in the area.
Property Facts
| Price | $899,000 | Number of Properties | 4 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 0.22 AC |
| Price | $899,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 494 W Town St, Columbus, OH 43215 | Land | 0.06 AC | - |
| 498 W Town St, Columbus, OH 43215 | Land | 0.06 AC | - |
| 493 W Chapel St, Columbus, OH 43215 | Land | 0.05 AC | - |
| 497 W Chapel St, Columbus, OH 43215 | Land | 0.05 AC | - |
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OPPORTUNITY ZONE East Franklinton
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