For Sale
$137,900

1226 Parsons AveColumbus, OH 43206

3-Unit Building, Urban Center District

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 1226 Parsons Ave

Property type
Land, Apartment buildings
Year Built
1900
Units
3

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9384440428
Longitude
-82.98343502557
1226 Parsons Ave, Columbus, Ohio

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1226 Parsons Ave
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