498 W Town Street Columbus, OH 43215

Property Description

*498 W Town Street may be sold with neighboring lot (494 W Town Street). Package deal available for both lots. 493 & 497 W Chapel also available for sale and can be purchased individually or as package deal.**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.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 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 which is scheduled to be complete by end of 2026.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.

Property Features

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