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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.