1013 Mount Vernon AveColumbus, OH 43203

Property Details for 1013 Mount Vernon Ave

Lot size

0.12 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

010-010464

APU

10010464

Description

This exceptional 5,227 square foot vacant lot, located at 1013 Mount Vernon Avenue in Columbus, Ohio, presents a unique investment opportunity. Situated in the 43203 zip code, this property offers significant potential for various development projects. The absence of existing structures allows for complete design flexibility, catering to a wide range of uses. The lot's size provides ample space for new construction, potentially including residential or commercial buildings. Alternatively, its strategic location could make it ideal for creating a parking area to serve a neighboring business or residential complex. Given its prime location in Columbus, Ohio, this property is poised for substantial appreciation. The asking price is $550,000. This is a rare chance to acquire a sizable, vacant lot in a thriving area, offering significant returns for the discerning investor. Don't miss this chance to capitalize on this exceptional opportunity. Act quickly, as this property is expected to generate considerable interest.

• CAP approach

  CAP return

  Valuation

  6%

  $1,207,728

  6.5%

  $1,114,826

  7%

  $1,035,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $738,999

  Geo Method

  $738,999

• Alternative Use

  Use

  Valuation

  Residential

  $1,114,826

  Hospitality

  $1,021,175

  Educational

  $849,606

  Medical

  $878,825

  Retail

  $1,321,609

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9716

Longitude

-82.9749

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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