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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