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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
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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  • Listing ID: 39969075

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: OPPORTUNITY ZONE East Franklinton, Columbus, OH

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