374 Wilson AveColumbus, OH 43205

Property Details for 374 Wilson Ave

Year built

1902

Property size (Sq ft)

5,427 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 2-unit multifamily property located at 374 Wilson Avenue, Columbus, Ohio, 43205. The property, built in 1902 and renovated in 1961, boasts a total square footage of 5,427 across one building, situated on a 4,791.6 square foot lot (APN: 010-039221). Currently configured as a duplex/triplex/quadruplex, the property offers significant upside potential. The asking price is $875,000. The property is zoned C4 commercial, providing flexibility for various uses. The building requires substantial renovation or a complete rebuild to realize its full potential. The current layout features a finished upper unit and an unfinished lower unit. A key advantage is the property's prime location at the corner of East Main Street and Wilson Avenue, with the Main Street frontage included in the sale. This location places the property within an Opportunity Zone, offering potential tax advantages for investors. The property's substantial size and strategic location make it an ideal candidate for redevelopment or substantial renovation, catering to a range of commercial or residential uses. This is a rare chance to acquire a property with significant potential in a rapidly developing area of Columbus.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9583

Longitude

-82.9664

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