1478 Oak Street, Columbus, Ohio 43205
Commercial | 2,550 sf | .28 acres | Opportunity Zone | $435,000
Amazing opportunity to buy this building full of character & potential in Olde Towne East / Franklin Park. Located in an Opportunity Zone just ONE BLOCK from the new Trolley District. Featuring the East Market, a public market & food hall with 20 vendors, an event space, the Railhouse restaurant and speakeasy basement bar Switch. The district will include Columbus Brewing Company brewery/beer garden, a 102 unit apartment complex, 12,000 sf of office space & more! All located by Franklin Park, the Franklin Park Conservatory, and a unique mix of historic, renovated, and brand new housing all throughout the area. Former church is a brick building with 18ft high original tin ceiling tiles, partial basement & parking on a XL lot. Exciting business potential or could convert to a unique private residence. See attached renderings showing example building renovation with addition.
Property tour!
Located in an Opportunity Zone
Benefits include:
A temporary tax deferral for capital gains reinvested in an Opportunity Fund.
A step-up in basis for capital gains reinvested in an Opportunity Fund:
10% basis increase if the investment is held for at least 5 years and 15% if held for at least 7 years.
A permanent exclusion from taxable income of capital gains from the sale or exchange of a qualified fund investment if it is held for at least 10 years.
More information available at: https://www.columbus.gov/development/economic-development/Opportunity-Zone-Program/
