$198,900

498 W Town Street, Columbus, OH 43215

Land
Built in ——
2,614sqft lot
—— car garage
$——/sqft
Listed 3 months ago

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.

Listing Status:: Active
Date Added:: December 6, 2025
Data Last Updated:: March 22, 2026 at 5:38AM
Listing Office:: The Brokerage House : 614-500-7870
Listing Agent:: Emily Groza Yoko : 614-403-8444
MLS ID:: 225044992

Originating MLS: Columbus and Central Ohio Regional MLS
School District: COLUMBUS CSD 2503 FRA CO.
County: Franklin

Zoning: 010-023696-00

Utilities: Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: Columbus and Central Ohio Regional MLS

This listing courtesy of Emily Groza Yoko , The Brokerage House

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Avondale Elementary School

141 Hawkes Ave, Columbus, OH, 43222

Grades PK-5

0.66 miles away

Starling PK-8

145 S Central Ave, Columbus, OH, 43222

Grades PK-8

1.33 miles away

Columbus Downtown High School

365 S 4th St, Columbus, OH, 43215

Grades 10-12

1.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.