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    243 Central Ave Columbus, OH 43223

    For Sale
    $49,500

    Build your dream home in Franklinton!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.09-acre residential lot, located at 243 S Central Ave, Columbus, OH 43223 (APN 010-041633), presents a fantastic opportunity for new construction. Priced at $49,500, this property boasts a desirable location in Franklin County, nestled between Central Ave and S Rich Street, surrounded by existing homes. Its convenient proximity to freeways, shops, schools, and downtown Columbus offers unparalleled accessibility. All utilities—water, sewer, electric, and gas—are readily available, although buyers are responsible for any applicable tap fees. The property is zoned for residential use, welcoming builders of all types. Columbus City Schools serve this area. Don't miss this chance to build your dream home in a thriving Columbus neighborhood. This land offers a value of $550,000 per acre.

    Property Features for 243 Central Ave

    General Information

    Property type
    Land
    Lot Size
    3,920 SF

    HighLights

    • $49,500 asking price for a residential land lot.
    • 0.09‑acre lot in Columbus, Ohio.
    • Residential zoning.
    • Located near freeways, shops, schools, and downtown Columbus.
    • All utilities available (buyer responsible for tap fees).
    • All builders welcome.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market 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
    -83.0374173
    Latitude
    39.9527115

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    FAQs

    What type of property is this?
    Land - Build your dream home in Franklinton!
    Where is this land located?
    The property is located at 243 Central Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: $49,500 asking price for a residential land lot.; 0.09-acre lot in Columbus, Ohio.; Residential zoning.
    (614) 882-6725
    Request Owner's contact information
    243 Central Ave Columbus, OH 43223
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    Columbus, OH 43223
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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
    243 Central Ave Columbus, OH 43223
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