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498 W Town Street

Columbus, OH 43215
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Acres0.05

Acre(Lot)

*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.

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Detail Ic Property Details

Property Type : Land

Price : $224,900

AD Id : 80303063

MLS Id : 226020452

Lot Size : 0.05 Acre(Lot)

County : Franklin

Subdivision: Leeward

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  • Lot Information

    Main Square Feet: 0.05 Lot Size Acres: 0.05 Lot Size Square Feet: 2178

    Property Information

    Subdivision: Franklinton Source Property Type: Land Zoning Description: EFD Property SubType: Mixed Use

  • Listing Price Information

    Listing Price: $224900

  • Tax Information

    Parcel Number: 010-023696 Tax Year: 2024 Annual Tax: $228

  • Utility Information

    Natural Gas Available, Water Available, Sewer Available, Electricity Available
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E Fulton Street, Columbus, OH, 43215 $35,000 -- -- -- 0.02 Acre(Lot)

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus REALTORS®. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information deemed reliable but not guaranteed. Copyright © 2026 Columbus REALTORS®. All rights reserved.

ByOwner last updated this listing 06/21/2026 @ 22:16

MLS: 226020452 LISTED BY: Emily Groza Yoko, The Brokerage House 614-500-7870 SOURCE: Columbus and Central Ohio Regional MLS

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