2000 Lockbourne RdColumbus, OH 43207

For Sale
$1,100,000

4.37 Acres, Multifamily Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This 4.37-acre site in Columbus, Ohio, presents a unique multifamily development opportunity. Located at 2000 Lockbourne Rd, 43207, the property is zoned commercial and offers significant potential for high-density development. New city regulations encourage taller buildings with relaxed parking requirements, making this a prime location for a substantial project. The land and existing building have been appraised at over $800,000, and the asking price of $1,100,000 represents a significant below-market value opportunity. Renderings for a 40-unit senior living facility, complete with an approved city variance, are available. The existing structure can be repurposed or demolished to accommodate your chosen development plan. This property sits within a Census Track zone, qualifying for potential tax abatements for residential developments. This is an exceptional chance to capitalize on the area's growth and high demand for housing. The path to development is streamlined, with city approvals already in place for a senior living project. Don't miss this chance to build in a thriving community.

Highlights

  • 4.37-acre site in Columbus, OH, at 2000 Lockbourne Rd, 43207.
  • Zoned commercial, ideal for high-density multifamily development.
  • Appraised at over $800,000; asking price: $1,100,000.
  • Approved city variance for a 40-unit senior living facility; renderings available.
  • Located in a Census Tract qualifying for potential tax abatements.

Property Details for 2000 Lockbourne Rd

Property type
Multifamily properties, Apartment buildings
Class
C
Buildings
1

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9243979
Longitude
-82.9648378
2000 Lockbourne Rd, Columbus, Ohio

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2000 Lockbourne Rd
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