1478 Oak Street, Columbus, OH 43205
$599,000
Property Type:
Commercial
Square Footage:
2,550
Lot Size (sq. ft.):
12,197
Status:
Active
Current Price:
$599,000
List Date:
2/26/2025
Last Modified:
2/05/2026
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.
Supplements: ********
More Information MLS# 225005632
Location & Property Info
List Price/SqFt: 234.9
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 2550
Bldg Sq Ft: 2550
Max Cont Sqft Avail: 2550
Minimum Sqft Avail: 2550
Total Parking: 33
# of Docks: 0
Number of Units: 1
# of Floors Above Gr: 1
Year Built: 1909
Acreage: 0.28
Tax Info
Tax Abatement: No
Tax Incentive: No
Parcel #: 010-007998
Remarks & Misc
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.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Misc Int & Ext Info
Parking Ratio/1000: 12
Construction
Brick: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Auction Info
Auction/Online Bidding Y/N: No
Business Type
Church: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 599000
List Price: $599,000
Property Sub Type: Mixed Use
Street #: 1478
Street Name: Oak
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43205
Subdiv/Cmplx/Comm: Franklin Park
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-02-26
Property Features
Addl Acceptance Cond: None Known
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available
Construction: Brick
Business Type: Church
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Real Estate Opportunity
Listing Agent:
Desmond E Todd
Last Updated: February - 05 - 2026
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