1226 Parsons Ave Columbus, OH 43206

This 3-unit mixed-use building in Columbus, Ohio, presents a unique investment opportunity. Located at 1226 Parsons Avenue, this property boasts a prime location within the Urban Center (UCT) district, recently rezoned in 2024 to allow for redevelopment up to five stories, or seven with affordable housing provisions. The building comprises two apartments (one upstairs, one on the first floor), each with a full bath, and one retail unit on the first floor with street frontage and a half-bath. Previously used as a barbershop/cell store, the property offers off-street parking in the rear. Built in 1900, the building sits on a 4,356 square foot lot. The asking price is $137,900, translating to $97.66 per square foot. Currently vacant, this property is situated in an Opportunity Zone and is close to Nationwide Children's Hospital, potentially making it eligible for Ohio's 10% tax credit. The property's zoning allows for significant redevelopment potential, making it an attractive investment for those seeking to capitalize on the growth of the UCT district.