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    1139 Rich St Columbus, OH 43205

    Sponsored
    For Sale
    $415,000

    Columbus, OH multi-family lot. 9,147 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 9,147.6 square foot lot presents a remarkable investment opportunity in the desirable Olde Towne East neighborhood of Columbus, Ohio. Located at 1139 E Rich Street, this property boasts a prime location within a thriving community. The land is zoned and approved for multi-family development, offering significant potential for building income-generating residential units. With its convenient address in the 43205 zip code, this site benefits from easy access to local amenities, transportation routes, and the vibrant cultural scene of Olde Towne East. The asking price for this exceptional parcel is $415,000. This represents a rare chance to acquire a ready-to-develop lot in a highly sought-after area, ideal for investors seeking to capitalize on the growing demand for housing in Columbus. The property's size and zoning make it an attractive proposition for developers looking to create a substantial multi-family project. Don't miss this opportunity to secure a piece of Columbus's thriving real estate market. Detailed zoning information and development plans are available upon request. Act quickly, as properties like this are rarely available.

    Property Features for 1139 Rich St

    General Information

    Property type
    Land

    HighLights

    • 9,147.6 SF lot in Columbus, OH's desirable Olde Towne East neighborhood.
    • Located at 1139 E Rich Street, 43205.
    • Zoned and approved for multi‑family development.
    • Asking price: $415,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9690443
    Latitude
    39.9588205

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    FAQs

    What type of property is this?
    Land - Columbus, OH multi-family lot. 9,147 sq ft.
    Where is this land located?
    The property is located at 1139 Rich St Columbus, OH.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: 9,147.6 SF lot in Columbus, OH's desirable Olde Towne East neighborhood.; Located at 1139 E Rich Street, 43205.; Zoned and approved for multi-family development.
    Request Owner's contact information
    1139 Rich St Columbus, OH 43205
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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
    1139 Rich St Columbus, OH 43205
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