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Property profile & analytics
OFF-MARKET
Small apartment buildings

278 Glenwood Ave Columbus, OH 43223

Property ID
US66-0297061
Property summary
AI-generated overview

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

Property profile
Verified
Property type Small apartment buildings
UPID US66-0297061
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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