1478 Oak StreetColumbus, OH 43205

1478 Oak StreetColumbus, OH 43205

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$599,000 Active
Commercial - Business MLS 225005632

Listed By

Agency Name: Real Estate Opportunity
Agency Phone: 614-924-0410
Agent Name: Desmond E Todd

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property 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.

1478 Oak Street | MLS# 225005632

This commercial property located at 1478 Oak Street, Columbus, OH 43205 is currently listed for sale with an asking price of $599,000. Search Columbus real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 378
Lot Size: 0.28 Acres
Year Built: 1909

Feature Descriptions

Parcel #: 010-007998
Utilities: Sewer Available, Natural Gas Available, Electricity Available

Demographics

Franklin County Demographic Information for 1478 Oak Street, Columbus, OH 43205
Fips
Fips Code 39049
Population
2020 to 2023 Change up 0.2%
2010 Count 1,163,414
2020 Count 1,323,807
2023 Estimate (V2023) 1,326,063
2020 Estimate (V2023) 1,323,810
Age Distribution (Years Old)
0 to 4 6.5%
5 to 17 22.9%
18 to 64 57.4%
65 and Older 13.2%
Gender
Male 49.2%
Female 50.8%
Place of Birth
Foreign 12.0%
US 88.0%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 41.7%
Computer and Internet use
Households with a computer 95.9%
Households with a broadband Internet subscription 92.1%
Language
English is Second Language, Age 5+ 14.9%
English is First Language, Age 5+ 85.1%
Veterans
Veterans 56,845
Income
Per Capita Income $41,148
Median Household Income $71,070
People in Poverty 15.1%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 542,366
Average Household Size 2.38
Owner-Occupied 53.5%
Multi-Family 36.6%
Owner-Occupied Median Value $243,100
Median selected monthly owner costs -with a mortgage $1,667
Median selected monthly owner costs -without a mortgage $685
Median gross rent $1,169
Building Permits
New Private Housing Issued 2023 7,303
Years at Residence
1 Year or More 82.6%
Less Than 1 Year 17.4%
Business and Employment
Private non-farm Establishments 30,187
Private non-farm Employment 642,630
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 117,491
Number of Firms 107,363
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187

Source: US Census Bureau