506 Miller Ave Columbus, OH 43205
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.