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    1551 E 5Th Ave Columbus, OH 43219

    For Sale
    $175,000

    0.80-acre site in high-traffic area, zoned Manufacturing and Residential.

    Property Features for 1551 E 5Th Ave

    General Information

    Zoning
    Manufacturing (M), Residential (R3)

    Source: Simon Kroos Agent Simon Kroos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Columbus Redevelopment Opportunity Zone Site

    This approximately 0.80-acre site, located at the corner of East 5th Avenue and Bassett Avenue, comprises eight contiguous parcels, presenting a significant redevelopment opportunity in a centrally located, high-traffic corridor of Columbus. Zoned Manufacturing (M) and Residential (R3), the property allows for diverse end uses. The site benefits from the availability of all public utilities and is situated along a COTA bus line. Its location provides convenient access to I-670, I-71, Downtown Columbus, and John Glenn International Airport. The property's location within a federally designated Opportunity Zone may offer potential tax advantages for qualified investors and developers. The site is positioned on East 5th Avenue at the corner of Bassett Avenue, between Joyce and Taylor Avenues, providing convenient access to I-71, I-670, the airport, and Downtown Columbus. The high-traffic commercial corridor sees 12,645 vehicles traveling daily on E 5th Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.962174
    Latitude
    39.985067

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    FAQs

    What type of property is this?
    Land - 0.80-acre site in high-traffic area, zoned Manufacturing and Residential.
    Where is this land located?
    The property is located at 1551 E 5Th Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High redevelopment potential on ±10.80 acres in a high-traffic corridor.; - Flexible Manufacturing (M) and Residential (R3) zoning.; - Located in a federally designated Opportunity Zone offering potential tax advantages.
    (614) 629-5265
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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
    1551 E 5Th Ave Columbus, OH 43219
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