1478 Oak St, Columbus, OH, 43205

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.

Whether pursued as a strategic interior and exterior transformation or a more comprehensive redevelopment approach, this property offers flexibility, vision, and upside in a high-demand, high-visibility urban location—ideal for investors and developers seeking a collaborative project with strong market fundamentals.

Discover the vibrant neighborhood surrounding the property in Columbus, Ohio. Located in the heart of the city, this area offers a dynamic mix of cultural attractions, business hubs, and green spaces. Just moments away, you'll find the renowned Franklin Park Conservatory and Botanical Gardens, as well as the historic German Village with its charming brick streets and eclectic dining options. The bustling downtown district is also nearby, providing access to major corporations, government offices, and a thriving arts and entertainment scene. With convenient access to major highways and public transportation, the area offers an ideal location for a redevelopment deal, opening up opportunities for innovative urban development projects.

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