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    986 Mound St Columbus, OH 43205

    Sponsored
    For Sale
    $124,900

    Four-lot Subdivision, Build-Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 8,276.4 square foot land parcel in Columbus, Ohio's desirable Olde Towne East neighborhood presents a unique investment opportunity. Located at 986 E Mound Street (APN 010-027695), this property has already undergone the crucial step of being divided into four smaller, buildable lots. The subdivision plan has received approval from the Northeast Area Commission (NEAC), streamlining the development process and minimizing potential delays. This significantly reduces the time and effort required to begin construction, making it an attractive proposition for builders or investors seeking a quick path to profitability. The property's prime location offers easy access to the vibrant East Market and the tranquil Franklin Park, enhancing its appeal and potential for high returns. The asking price for this ready-to-develop land is $124,900. The zip code is 43205, and the property is situated in Franklin County. This is a rare chance to acquire a fully permitted, multi-lot development site in a highly sought-after Columbus neighborhood. The coordinates are 39.956895 latitude and -82.972722 longitude. Don't miss this chance to capitalize on the growing demand for new construction in Olde Towne East.

    Property Features for 986 Mound St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office 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
    -82.972722
    Latitude
    39.956895

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    FAQs

    What type of property is this?
    Land - Four-lot Subdivision, Build-Ready
    Where is this land located?
    The property is located at 986 Mound St Columbus, OH.
    What is the asking price?
    The asking price for this property is $124,900.
    Request Owner's contact information
    986 Mound St 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
    986 Mound St Columbus, OH 43205
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