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    419 Champion Ave Columbus, OH 43205

    Sponsored
    For Sale
    $199,900

    Build-Ready Lot in Olde Towne East

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 4,791.6 square foot lot presents a unique opportunity for developers and investors in Columbus, Ohio's vibrant Olde Towne East neighborhood. Located at 419 S Champion Avenue, this property is zoned and ready for immediate construction, eliminating significant pre-construction delays. Detailed plans for a triplex with a carriage house have already received zoning approval, streamlining the development process and minimizing potential setbacks. The property's location within a Community Reinvestment Area (CRA) offers a substantial financial incentive: a 100% tax abatement for 15 years through the City of Columbus. This significant tax break significantly reduces development costs and enhances the overall return on investment. The lot's size provides ample space for the approved triplex and carriage house, maximizing potential rental income or resale value. Situated in the desirable 43205 zip code, this property benefits from the area's ongoing revitalization and increasing property values. This is a turnkey opportunity to capitalize on the burgeoning growth and demand for housing in Olde Towne East. Act quickly to secure this prime development site. Further details are available upon request.

    Property Features for 419 Champion Ave

    General Information

    Property type
    Land
    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 Building Supply Clothing Store 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
    -82.9697516
    Latitude
    39.9569691

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    FAQs

    What type of property is this?
    Land - Build-Ready Lot in Olde Towne East
    Where is this land located?
    The property is located at 419 Champion Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $199,900.
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    419 Champion 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
    419 Champion Ave Columbus, OH 43205
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