1505-1533 Parsons Ave Columbus, OH 43207
This exceptional .85-acre property at 1505-1533 Parsons Avenue in Columbus, Ohio, presents a remarkable redevelopment opportunity. Located in the up-and-coming Merion Village neighborhood, this site boasts 237 feet of frontage on Parsons Avenue and extends 150 feet deep. The property includes three duplexes, one single-family home, one vacant lot, and a four-unit commercial retail building with four additional one-bedroom apartments above. The existing structures offer potential for adaptive reuse or demolition to make way for new construction. Ample parking is available on-site, and convenient alley access is provided from both side streets. Built in 1920, the property sits on a substantial 37,026 square foot lot, offering significant flexibility for a variety of development projects. The high traffic count on Parsons Avenue ensures excellent visibility and accessibility for any future development. This is a rare chance to acquire a large, well-located parcel in a rapidly growing area of Columbus. The asking price for this unique property is $1,600,000. The property's location in the 43207 zip code offers easy access to major transportation routes and amenities. This is an ideal investment for developers seeking a prime location with significant potential for future growth and return.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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