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815 Michigan AveColumbus, OH 43215

1.725 Acres, 7-Story Approved

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.725-acre development site at 815 Michigan Ave, Columbus, OH 43215, presents a unique opportunity in the highly desirable Harrison West neighborhood. Situated in Franklin County, this property boasts prime visibility from State Route 315 and Interstate 670, offering stunning downtown views. Already rezoned AR-1 in 2016 for residential use, the site is primed for a seven-story development. Past improvements have been demolished, creating a blank canvas for a high-density project. The location is incredibly walkable, with easy access to amenities like CVS, Lucky's Market, The Short North Arts District, and the Arena District, all while enjoying proximity to the Olentangy River Path. The area's robust demographics, including median home values and household incomes significantly exceeding national averages, and a limited supply pipeline, ensure strong market demand. Redfin data indicates Harrison West single-family homes frequently sell above list price. Furthermore, the site's location within Columbus city limits qualifies for a 15-year, 100% tax abatement on improvements for residential projects. Extensive due diligence has already been conducted, providing confidence in redevelopment feasibility. The City of Columbus and The Harrison West Society have expressed support for higher-density development and potential rezoning. This is one of the last large-scale development opportunities in this thriving urban core submarket.

Property Details for 815 Michigan Ave

Property type
Land
Lot Size (sq. ft)
75,141 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9773261
Longitude
-83.0175404
815 Michigan Ave, Columbus, Ohio

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815 Michigan Ave
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