518 1St Ave Columbus, OH 43201
This exceptional 0.09-acre lot at 518 W 1st Avenue in Columbus, Ohio, presents a unique opportunity for developers and builders. Located in Franklin County, zip code 43201, this property is zoned for residential use, allowing for the construction of a single-family home or multi-family units. The asking price is $265,000. Its convenient location offers easy access to various amenities and services within the city. The land's relatively small size makes it ideal for a focused project, minimizing development costs and maximizing potential return on investment. Given its residential zoning, this property is well-suited for those seeking to build a new home or develop a small-scale multi-family residential project. The property's address is 518 W 1st Ave, Columbus, OH 43201, with coordinates 39.9647732 latitude and -83.0844532 longitude. This is a ready-to-go development opportunity in a desirable location. Serious inquiries are encouraged.
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.