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Property profile & analytics
OFF-MARKET
Small apartment buildings

506 Miller Ave Columbus, OH 43205

Property ID
US66-1104759
Property summary
AI-generated overview

This exceptional 6,969.6 square foot corner lot presents a remarkable development opportunity in Columbus, Ohio's desirable Olde Towne East neighborhood. Situated at 506 Miller Avenue, this property boasts a prime location within the Main Street Corridor Opportunity Zone, offering potential tax abatement benefits. The lot is zoned residential, providing flexibility for various development projects. Its advantageous position offers convenient access to Downtown Columbus and major freeway arteries, ensuring excellent connectivity for future residents or tenants. The property's substantial size allows for a variety of development options, making it an attractive investment for builders and developers seeking a high-potential project in a thriving urban area. The existing structure, if any, is not specified and should be independently verified. The year built is unavailable. This is a rare chance to acquire a large, well-located parcel in a rapidly developing area of Columbus. The asking price for this exceptional opportunity is $81,000. Further due diligence is recommended to confirm zoning regulations and development possibilities. This property is classified as Land and Multifamily, specifically an Apartment Building and Duplex/Triplex/Quadruplex.

Property profile
Verified
Property type Small apartment buildings
UPID US66-1104759
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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