1280 Indianola Avenue, Columbus, OH 43201 (MLS # 226016327)

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PRICE $400,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 10,019 sqft Request More Info Schedule a Showing

Prime Development Opportunity in the Heart of Columbus! Well-located infill development site near the University District in Weinland Park, just minutes from Ohio State, Short North, and Downtown Columbus. Positioned within a designated Opportunity Zone, the property offers potential tax advantages for qualified investors along with strong rental demand in the surrounding area. Also can quality for a 15 year tax abatement for further development incentives. The site consists of approximately 0.23 acres (70' x 144') with alley access, providing flexibility for multifamily redevelopment. The existing structure is a candidate for demolition, allowing for a clean slate development approach. Preliminary zoning and planning analysis indicates a clear path for a multifamily project in the 5-7 unit range through the variance process. Conceptual planning also suggests the potential for additional density with a more comprehensive design, parking strategy, and entitlement approach. Attached survey provided to further define the buildable envelope and optimize site layout. Located in an established residential corridor with a mix of single-family and multifamily uses, the site benefits from proximity to major employment centers, public transit, and neighborhood amenities. Continued demand in this submarket supports well-positioned small to mid-scale multifamily development. Lot lines shown in photos are approximate and for illustrative purposes only. Seller is a licensed real estate agent in the State of Ohio.