Office/Contract Info

For Sale

Yes

Mortgage Balance

250000

For Exchange

Yes

For Lease

No

Remarks & Misc

Property Description

Development Opportunity - Lockbourne Rd, Columbus, OH 43207 Positioned in one of the fastest-evolving corridors on the south side of Columbus, this ±4-acre development site offers a rare opportunity to deliver a high-density residential project in a location primed for growth. Ideal for approximately 150-200 multi-family units or condominium development, the site supports a modern, efficient layout with integrated lower-level or tuck-under garage parking, maximizing density while maintaining strong design appeal. Strategically located along Lockbourne Road, the property benefits from direct access to major transit routes and COTA bus lines, providing seamless connectivity to Downtown Columbus, employment hubs, and key lifestyle amenities. This site falls within an area supported by city-backed development incentives, making it especially attractive for developers seeking tax advantages, revitalization programs, and long-term upside. An additional value-add includes a separate commercial building (not included in the 4 acres) currently leased to a church at $3,000/month NNN, providing stable supplemental income or future repositioning potential. Surrounded by ongoing development, improving infrastructure, and increasing demand for workforce and market-rate housing, this is a high-potential infill opportunity in a rapidly transforming submarket.

Income/Expenses

Gross Income

36000

Net Operating Income

36000

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

Sewer

Public Sewer

Yes

Services Available

Electricity Available

Yes

Natural Gas Available

Yes

Sewer Available

Yes

Storm Sewer

Yes

Water Available

Yes

Miscellaneous

Survey

Yes

Alternate Uses

Commercial

Yes

Industrial

Yes

Multi-Family

Yes

Residential

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features