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    28 Wilson Ave Columbus, OH 43205

    Sponsored
    For Sale
    $375,000

    Prime Columbus land, 10,890 sq ft, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional .247-acre corner lot in Columbus, Ohio's desirable Olde Towne East neighborhood presents a remarkable development opportunity. Located at 28 S Wilson Avenue, this 10,890 square foot property boasts road/alley access on three sides (Wilson Ave, Capital St, and a back alley), offering unparalleled flexibility for various projects. Its prime location within an Opportunity Zone makes it eligible for Columbus city tax abatement programs, significantly enhancing investment potential. The site is ideal for a smaller multi-family development (12-24 unit apartment complex or 7-10 unit townhome project) or a large single-family compound. Surrounded by high-value homes (800,000+ USD), this property enjoys exceptional proximity to downtown Columbus, Bexley, and the airport (10 minutes away). Its walkability to Broad Street, the beautifully renovated Casto mansions, and vibrant areas like 18th & Oak, Ohio & Oak, Parsons & Oak, East Market/Trolley District, Franklin Park, and the Conservatory adds to its appeal. This high-development area offers numerous possibilities for discerning investors seeking a prime location with significant upside. The asking price is $375,000. The property is zoned for [Zoning information not provided].

    Property Features for 28 Wilson Ave

    General Information

    Property type
    Land

    HighLights

    • .247‑acre corner lot in Columbus, Ohio's Olde Towne East neighborhood.
    • 10,890 square foot lot with three‑sided access (Wilson Ave, Capital St, alley).
    • Located in an Opportunity Zone, eligible for Columbus city tax abatement programs.
    • Ideal for multi‑family (12‑24 units) or single‑family development.
    • $375,000 asking price.
    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 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
    -82.9658756
    Latitude
    39.9655127

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    FAQs

    What type of property is this?
    Land - Prime Columbus land, 10,890 sq ft, development potential.
    Where is this land located?
    The property is located at 28 Wilson Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: .247-acre corner lot in Columbus, Ohio's Olde Towne East neighborhood.; 10,890 square foot lot with three-sided access (Wilson Ave, Capital St, alley).; Located in an Opportunity Zone, eligible for Columbus city tax abatement programs.
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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
    28 Wilson Ave Columbus, OH 43205
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