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    498 W Town St Columbus, OH 43215

    New
    For Sale
    $199,000

    LAND - Columbus, OH

    Lot size:
    0.06 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 498 W Town St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    010-023696-00
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    The Brokerage House (614) 500-7870 [email protected]

    Listing agent Emily Groza Yoko (614) 403-8444

    Listing date Dec 6, 2025

    MLS# 225044992 Listing URL

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land in Growing Neighborhood

    Located in a rapidly developing area of Columbus, this mixed-use lot presents a development opportunity. Zoned for residential, restaurant commercial, and retail use, the property is suitable for various projects, including townhomes, retail concepts, or live-work spaces. Utilities are readily accessible. The surrounding corridor has experienced considerable investment and redevelopment, with nearby establishments including BrewDog and Land Grant. A new $22 million mixed-use project, Benjamin II, and Sweeney's restaurant are located across the street. Situated in Franklinton, the location provides access to galleries, breweries, parks, restaurants, and bike trails. Downtown Columbus, the Scioto Mile, and major highways are within close proximity. The 0.06-acre lot is located in an opportunity zone and qualifies for a 15-year tax abatement. Plans for a single-family home, already approved for the lot, are available from the seller.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.013388
    Latitude
    39.957505

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    FAQs

    What type of property is this?
    Commercial land - Mixed-use lot in Franklinton, suitable for residential or commercial development.
    Where is this commercial land located?
    The property is located at 498 W Town St Columbus, OH.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Prime location in Franklinton, one of Columbus' fastest-growing neighborhoods.; - Zoned for residential, restaurant commercial, and retail use, offering exceptional development flexibility.; - Located in an opportunity zone and qualifies for a 15-year tax abatement.
    (614) 403-8444
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    Columbus, OH 43215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    498 W Town St Columbus, OH 43215
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