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$ 599,000
Est. payment /mo
Active
1478 Oak Street Columbus, OH 43205
2,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $234
Subdivision Franklin Park
MLS Listing ID 225005632
Year Built 1909
Lot Size 0.280 Acres
Lot Dimensions 0.28
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Located in a prime Columbus corridor just steps from Franklin Park Conservatory and the heart of Olde Towne East, this property presents a compelling mixed-use redevelopment opportunity in one of the city's fastest-growing neighborhoods. Surrounded by historic architecture, walkable streets, local restaurants, breweries, and green space, the area continues to benefit from strong revitalization momentum and rising property values.
One of the permitted uses for the property allows for a mixed-use redevelopment that preserves the existing building, creating a dynamic, income-producing asset. The first floor offers exceptional flexibility and can be activated as a restaurant, pub, coffee shop, small retail shop, neighborhood grocery, virtual gaming or entertainment facility, or another concept that brings energy and foot traffic to the corridor. This adaptability allows investors and operators to bring their own vision to life while serving both the surrounding residential and commercial community.
The second floor presents the opportunity to develop four high-end luxury studio loft apartments, thoughtfully designed with modern finishes and private balconies, creating a reliable residential income stream. The combination of experiential commercial space below and premium residential units above offers a balanced, diversified revenue model well suited for long-term investors seeking both cash flow and appreciation.
With quick access to Downtown Columbus, I-70, I-71, and major transit routes, the location provides seamless connectivity to the Short North, Arena District, and the rapidly developing Near East Side. Additionally, the current owner is willing to stay on through redevelopment, offering the opportunity for a builder partnership and long-term hold, adding stability, continuity, and local insight to the project.
One of the permitted uses for the property allows for a mixed-use redevelopment that preserves the existing building, creating a dynamic, income-producing asset. The first floor offers exceptional flexibility and can be activated as a restaurant, pub, coffee shop, small retail shop, neighborhood grocery, virtual gaming or entertainment facility, or another concept that brings energy and foot traffic to the corridor. This adaptability allows investors and operators to bring their own vision to life while serving both the surrounding residential and commercial community.
The second floor presents the opportunity to develop four high-end luxury studio loft apartments, thoughtfully designed with modern finishes and private balconies, creating a reliable residential income stream. The combination of experiential commercial space below and premium residential units above offers a balanced, diversified revenue model well suited for long-term investors seeking both cash flow and appreciation.
With quick access to Downtown Columbus, I-70, I-71, and major transit routes, the location provides seamless connectivity to the Short North, Arena District, and the rapidly developing Near East Side. Additionally, the current owner is willing to stay on through redevelopment, offering the opportunity for a builder partnership and long-term hold, adding stability, continuity, and local insight to the project.
Location
State OH
County Franklin
Community Franklin Park
Area 0.28
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 010-007998
Listed by Desmond E Todd Real Estate Opportunity
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