278 Glenwood Ave Columbus, OH 43223
This exceptional Columbus, Ohio property at 278 S Glenwood Avenue presents a compelling mixed-use development opportunity. The 4,356 square foot lot is zoned for a proposed eight-story building encompassing 31,992 square feet. Plans include two ground-floor retail units and sixty-two residential apartments. Apartment units, ranging from studios to one-bedroom/one-bathroom layouts, will feature sizes between 239 and 280 square feet, each equipped with an in-unit washer/dryer and a private balcony. Building amenities are envisioned to include a first-floor reception area, a rooftop amenity deck, a mail room, and bike rack storage. The property's prime location in Columbus, Ohio, places it in close proximity to several key attractions and developments, including the Gravity building (a twelve-story mixed-use luxury tower), the new Junto hotel with a rooftop bar, COSI, the Columbus Convention Center, Lower.com Field, and the North Market Downtown. The asking price for this remarkable development site is $930,000. Please note that the provided photos are artist renderings and do not depict the actual building. This is a land sale
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.