Mixed-Use Development Land
For Sale
$224,900
498 West Town Street, Columbus, OH 43215
Land parcel qualifies for 15-year tax abatement and an opportunity zone, with approved plans for a single-family home.
Property Size2,178 SF
Price / SF$103.26
Days on Market111
Property Features for 498 West Town Street
General Information
Standard status
Active
Size
2,178 SF
Property subtype
Land / Mixed Use
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$228
Listing Agency:
The Brokerage House
(614) 403-8444
Listed By:
Emily Groza Yoko · License #2017005843
(614) 403-8444
Source:
Compass
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 20 at 9:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Brokerage House
Investment Insights
Based on property information with market context.
498 W Town Street is a development land parcel with seller-provided plans for a single-family home, which have been approved for the lot. The property is described as suitable for residential, restaurant commercial, and retail use, offering flexibility for single or mixed-use concepts.
The lot qualifies for a 15-year tax abatement and is located in an opportunity zone. It also notes that utilities are easily accessible. The seller indicates the parcel is available as part of a broader package, including the neighboring lot at 494 W Town Street; other nearby lots at 493 and 497 W Chapel are also available individually or as a package.
For buyers considering a tailored residential or commercial approach, the approved single-family plans and the stated mixed-use zoning provide a clear starting point on this site.
The lot qualifies for a 15-year tax abatement and is located in an opportunity zone. It also notes that utilities are easily accessible. The seller indicates the parcel is available as part of a broader package, including the neighboring lot at 494 W Town Street; other nearby lots at 493 and 497 W Chapel are also available individually or as a package.
For buyers considering a tailored residential or commercial approach, the approved single-family plans and the stated mixed-use zoning provide a clear starting point on this site.
Key Highlights
- Lot qualifies for a 15‑year tax abatement and is located in an opportunity zone.
- Seller has made approved plans available for a single‑family home for this lot.
- Zoning allows residential, restaurant commercial, and retail use.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,468
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel qualifies for 15-year tax abatement and an opportunity zone, with approved plans for a single-family home.
Where is this residential land & home lot located?
The property is located at 498 West 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 a 15‑year tax abatement and is located in an opportunity zone.; Seller has made approved plans available for a single‑family home for this lot.; Zoning allows residential, restaurant commercial, and retail use.
