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    1161 Franklin Ave Columbus, OH 43205

    Sponsored
    For Sale
    $360,000

    .25 Acres, Olde Towne East, $360K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .248-acre lot, situated at 1161 Franklin Avenue in Columbus, Ohio's desirable Olde Towne East/Franklin Park neighborhood, presents a unique development opportunity. The property consists of two adjacent parcels, each measuring 40 feet by 135 feet, totaling 10,890 square feet. Its advantageous corner location at the intersection of Franklin Avenue and Champion Avenue offers excellent visibility and accessibility. The location boasts proximity to several key areas, including the vibrant Trolley District and East Market, placing it within easy reach of a diverse range of amenities and services. Furthermore, its less-than-a-mile distance to downtown Columbus, Nationwide Children's Hospital, Ohio State University, and major freeways ensures convenient access to employment centers, healthcare facilities, educational institutions, and transportation networks. This property is ideally suited for a variety of development projects, capitalizing on its prime location within a historic and rapidly developing neighborhood. The asking price for this exceptional land parcel is $360,000. The zip code is 43205, and the property is located in Franklin County.

    Property Features for 1161 Franklin Ave

    General Information

    Property type
    Land

    HighLights

    • .248‑acre lot in Columbus, Ohio's Olde Towne East/Franklin Park neighborhood, priced at $360,000.
    • Two adjacent parcels totaling 10,890 square feet (40' x 135' each).
    • Corner lot at Franklin Ave & Champion Ave, offering high visibility and accessibility.
    • Excellent proximity to the Trolley District, East Market, downtown Columbus, Nationwide Children's Hospital, Ohio State University, and major freeways.
    • Ideal for various development projects in a rapidly developing historic neighborhood.
    • Located in Franklin County, OH, zip code 43205.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -82.968971
    Latitude
    39.961456

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    FAQs

    What type of property is this?
    Land - .25 Acres, Olde Towne East, $360K
    Where is this land located?
    The property is located at 1161 Franklin Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: .248-acre lot in Columbus, Ohio's Olde Towne East/Franklin Park neighborhood, priced at $360,000.; Two adjacent parcels totaling 10,890 square feet (40' x 135' each).; Corner lot at Franklin Ave & Champion Ave, offering high visibility and accessibility.
    Request Owner's contact information
    1161 Franklin Ave Columbus, OH 43205
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    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
    1161 Franklin Ave Columbus, OH 43205
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