359 E Markison Avenue, Columbus, OH 43207 (MLS# 222026165)

359 E Markison Avenue, Columbus, OH 43207

$850,000

Property Type: Land/Farm Lot Size (sq. ft.): 26,136 Status: Closed

Current Price: $850,000 List Date: 7/14/2022 Last Modified: 2/24/2025

Overview

Description

Townhome Development Opportunity in Merion Village. Site was rezoned to Multifamily AR-1 Zoning - Approved for 17 Townhome Units. Located within the Southside CRA District - Eligible for 100%, 15-year Property Tax Abatements on all improvements. Seller has Geotech Subsurface Report, Phase I ESA, ALTA Survey, Storm, Grading & Ponding Plan, 100% Design Development Pricing Set, Demolition Estimate and Schematic Design Construction Budget Summary. Plans provide for 3 finished levels and garages ranging from 1428 SF to 1,800 SF.

Listing Details MLS# 222026165

Location Property Info

Original List Price: 1100000
Property Sub Type: Multi-Family Land
Street #: 359
Street PreDirection: E
Street Name: Markison
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43207
Subdiv/Cmplx/Comm: Merion Village
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2022-07-14

General Property Info

Acreage: 0.6
Minimum Acreage: 0.6
Maximum Acreage: 0.6
Residential Dwelling/Other Structure Y/N: No
# of Buildings: Yes
Building Sq Ft: 16029
Year Built: 1910
Built Prior to 1978: Yes

Tax Info

Parcel #: 010-297819
Zoning: AR-1, Apartment
Multiple Parcels: Yes
Addl Parcel Numbers: 010-029091; 010-061553;010-051321
Tax Year: 2021
Tax Abatement: No
Taxes (Yrly): 4936
Tax Incentive: Yes

Status Change Info

Under Contract Date: 2022-10-10
Sold Date: 2022-10-12
Sold Price/Acre: 1416666.67

Auction Info

Auction/Online Bidding Y/N: No

More Information

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/Acre: 1833333.33
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
For Exchange: No
For Lease: No

Remarks & Misc

Property Description: Townhome Development Opportunity in Merion Village. Site was rezoned to Multifamily AR-1 Zoning - Approved for 17 Townhome Units. Located within the Southside CRA District - Eligible for 100%, 15-year Property Tax Abatements on all improvements. Seller has Geotech Subsurface Report, Phase I ESA, ALTA Survey, Storm, Grading & Ponding Plan, 100% Design Development Pricing Set, Demolition Estimate and Schematic Design Construction Budget Summary. Plans provide for 3 finished levels and garages ranging from 1428 SF to 1,800 SF.

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

Miscellaneous

EPA Study: Yes
Public Transport: Yes
Survey: Yes

Alternate Uses

Multi-Family: Yes
Residential: Yes

New Financing

Conventional: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: EPA Study; Public Transport; Survey Alternate Uses: Multi-Family; Residential New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Documents

Brochure ›

Listing Office: Howard Hanna Real Estate Svcs

Listing Agent: Douglas T Tenenbaum

Last Updated: February - 24 - 2025

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