Mixed-Use Development Land
For Sale
$224,900
498 W Town Street, Columbus, OH 43215
Land, Columbus, OH
Property SizeContact for details
Lot Size0.05 Acres
Days on Market91
Property Features for 498 W Town Street
General Information
Property type
Land
Property subtype
Other
Zoning description
EFD
Subdivision
Franklinton
Elementary school district
COLUMBUS CSD 2503 FRA CO.
Middle school district
COLUMBUS CSD 2503 FRA CO.
High school district
COLUMBUS CSD 2503 FRA CO.
Standard status
Active
APN
010-023696
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
228
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
The Brokerage House
(614) 500-7870
Listed By:
Emily Groza Yoko · License #2017005843
(614) 403-8444
Added: Jun 5
Changed: Sep 3
Last Checked: Sep 3 at 9:06PM
MLS# 226020452
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
498 W Town Street is a for-sale commercial land lot in Columbus, OH. The offering includes information indicating the seller has made plans available for a single-family home that has been approved for the lot, providing an established starting point for a residential build. The property is also described as qualifying for a 15-year tax abatement and being located in an opportunity zone, which may be relevant to certain financing and development structures.
The remarks further indicate the lot is zoned for residential, restaurant commercial, and retail use. The seller notes the possibility of acquiring adjacent and related parcels for a broader assembly, including 494 W Town Street as a neighboring lot option, as well as 493 & 497 W Chapel available individually or as part of a package.
This parcel is best suited for developers or owner-builders looking for zoning flexibility across residential and certain commercial retail concepts, with an approved single-family home plan already referenced for convenience. Prospective buyers may also want to review the opportunity zone and 15-year tax abatement details as part of their feasibility and structuring for the intended use. For larger layouts, the availability of neighboring lots may support an expansion strategy based on the buyer’s development needs.
The remarks further indicate the lot is zoned for residential, restaurant commercial, and retail use. The seller notes the possibility of acquiring adjacent and related parcels for a broader assembly, including 494 W Town Street as a neighboring lot option, as well as 493 & 497 W Chapel available individually or as part of a package.
This parcel is best suited for developers or owner-builders looking for zoning flexibility across residential and certain commercial retail concepts, with an approved single-family home plan already referenced for convenience. Prospective buyers may also want to review the opportunity zone and 15-year tax abatement details as part of their feasibility and structuring for the intended use. For larger layouts, the availability of neighboring lots may support an expansion strategy based on the buyer’s development needs.
Key Highlights
- Lot qualifies for 15‑year tax abatement and is located in an opportunity zone.
- Zoned for residential, restaurant commercial, and retail use (mixed‑use development flexibility).
- Public utilities available: water and public sewer.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Small-town lot in an opportunity zone with approved plans for a single-family home option.
Where is this commercial land located?
The property is located at 498 W Town Street Columbus, OH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Lot qualifies for 15‑year tax abatement and is located in an opportunity zone.; Zoned for residential, restaurant commercial, and retail use (mixed‑use development flexibility).; Public utilities available: water and public sewer.
