498 W Town Street, Columbus, OH 43215
$199,000
Property Type:
Land/Farm
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$199,000
List Date:
12/06/2025
Last Modified:
1/19/2026
Description
*498 W Town Street may be sold with neighboring lot (494 W Town Street).
Welcome to 498 W Town Street — a rare opportunity to secure prime land in the heart of one of Columbus' fastest-growing neighborhoods. This mixed-use lot offers exceptional flexibility for your next residential, commercial, or multi-use development project. Whether you're an investor, builder, or owner-occupant with a vision, this location positions you right at the center of Franklinton's ongoing transformation.
Zoned for residential, restaurant commercial, and retail use, the possibilities are wide open: think modern townhomes, a boutique retail concept, a live-work space, or a long-term hold in an area where property values continue to appreciate year after year. Utilities are easily accessible. The lot sits along a corridor that has seen tremendous investment, redevelopment, and momentum - including BrewDog and Land Grant within one block, and across the street you have all of the new bar/restaurant development including Sweeney's and the new $22mm Benjamin II mixed use project.
Franklinton has become one of Columbus' most desirable urban communities — home to galleries, breweries, parks, restaurants, bike trails, and minutes from Downtown, the Scioto Mile, and major highways. This parcel places you right in the middle of that energy.
If you're looking for a high-growth opportunity with outstanding upside, 498 W Town Street is the kind of land play that rarely hits the market. Bring your vision and make your mark in Franklinton.
*Lot qualifies for 15 year tax abatement and is located in an opportunity zone.
**For the convenience of the new owner, Seller has made plans available for single family home which has been approved for the lot.
Supplements: ********
More Information MLS# 225044992
Location & Property Info
List Price/Acre: 3316666.67
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
For Exchange: No
For Lease: No
General Property Info
Built Prior to 1978: No
Residential Dwelling/Other Structure Y/N: No
Acreage: 0.06
Tax Info
Zoning: EFD
Multiple Parcels: No
Tax Abatement: No
Taxes (Yrly): 228
Parcel #: 010-023696-00
Remarks & Misc
Property Description: *498 W Town Street may be sold with neighboring lot (494 W Town Street).
Welcome to 498 W Town Street — a rare opportunity to secure prime land in the heart of one of Columbus' fastest-growing neighborhoods. This mixed-use lot offers exceptional flexibility for your next residential, commercial, or multi-use development project. Whether you're an investor, builder, or owner-occupant with a vision, this location positions you right at the center of Franklinton's ongoing transformation.
Zoned for residential, restaurant commercial, and retail use, the possibilities are wide open: think modern townhomes, a boutique retail concept, a live-work space, or a long-term hold in an area where property values continue to appreciate year after year. Utilities are easily accessible. The lot sits along a corridor that has seen tremendous investment, redevelopment, and momentum - including BrewDog and Land Grant within one block, and across the street you have all of the new bar/restaurant development including Sweeney's and the new $22mm Benjamin II mixed use project.
Franklinton has become one of Columbus' most desirable urban communities — home to galleries, breweries, parks, restaurants, bike trails, and minutes from Downtown, the Scioto Mile, and major highways. This parcel places you right in the middle of that energy.
If you're looking for a high-growth opportunity with outstanding upside, 498 W Town Street is the kind of land play that rarely hits the market. Bring your vision and make your mark in Franklinton.
*Lot qualifies for 15 year tax abatement and is located in an opportunity zone.
**For the convenience of the new owner, Seller has made plans available for single family home which has been approved for the lot.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Alternate Uses
Commercial: 1
Residential: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 199000
List Price: $199,000
Property Sub Type: Mixed Use
Street #: 498
Street PreDirection: W
Street Name: Town
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43215
Subdiv/Cmplx/Comm: Franklinton
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2025-12-06
Property Features
Addl Acceptance Cond: None Known
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available
Alternate Uses: Commercial; Residential
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
The Brokerage House
Listing Agent:
Emily Groza Yoko
Last Updated: January - 19 - 2026
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