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    1013 Mount Vernon Ave Columbus, OH 43203

    Sponsored
    For Sale
    $550,000

    Vacant lot, 5,227 sq ft, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,227 square foot vacant lot, located at 1013 Mount Vernon Avenue in Columbus, Ohio, presents a unique investment opportunity. Situated in the 43203 zip code, this property offers significant potential for various development projects. The absence of existing structures allows for complete design flexibility, catering to a wide range of uses. The lot's size provides ample space for new construction, potentially including residential or commercial buildings. Alternatively, its strategic location could make it ideal for creating a parking area to serve a neighboring business or residential complex. Given its prime location in Columbus, Ohio, this property is poised for substantial appreciation. The asking price is $550,000. This is a rare chance to acquire a sizable, vacant lot in a thriving area, offering significant returns for the discerning investor. Don't miss this chance to capitalize on this exceptional opportunity. Act quickly, as this property is expected to generate considerable interest.

    Property Features for 1013 Mount Vernon Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • 5,227 SF vacant lot in Columbus, OH.
    • Located in the desirable 43203 zip code.
    • Offers complete design flexibility for various development projects.
    • Ample space for new residential or commercial construction.
    • Prime location for potential parking area development.
    • Asking price: $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    1013 Mt Vernon ... Parking Lot

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.974939
    Latitude
    39.971566

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    FAQs

    What type of property is this?
    Specialty property - Vacant lot, 5,227 sq ft, high potential.
    Where is this specialty property located?
    The property is located at 1013 Mount Vernon Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 5,227 SF vacant lot in Columbus, OH.; Located in the desirable 43203 zip code.; Offers complete design flexibility for various development projects.
    Request Owner's contact information
    1013 Mount Vernon Ave Columbus, OH 43203
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    Columbus, OH 43203
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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
    1013 Mount Vernon Ave Columbus, OH 43203
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