25 S Garfield I Multifamily Redevelopment Opportunity

25 S Garfield Avenue presents a compelling urban infill development opportunity located the rapidly urbanizing Near East Area of Columbus. Situated on approximately 0.684 acres and three Franklin County Parcels, 25 S Garfield Avenue provides for a rare urban infill opportunity with favorable by right zoning put in place from the Phase I ZoneIn Columbus zoning initiative. The site is designated as Urban Center (UCT) which allows for by right 5-7 stories, none-to-small front and side setbacks, and limited parking requirements. The site is also located within a designated Opportunity Zone and is eligible for a 15-year 100% Tax Abatement for new housing development. Located immediately east of Downtown Columbus and along a vibrant retail corridor along Parsons Avenue, 25 S Garfield Avenue can be redeveloped as mixed-used multifamily, urban townhomes, standalone retail or medical office.

The property benefits from a strategic location surrounded by significant public and private investment, with immediate proximity to Columbus’ CBD, Columbus State Community College, The Ohio State University, Franklin University, Capital University, Columbus College of Art & Design, Nationwide Children’s Hospital, OhioHealth Grant Hospital, and The Ohio State East Hospital. 25 S Garfield Avenue benefits from immediate proximity to major thoroughfares and highway connectivity with access to I-70, I-71, I-670, and Broad Street less than two minutes from the site, providing premier accessibility. Nearby major attractions include Nationwide Arena, Huntington Park, ScottsMiracle-Gro Field, Kemba Live, East Market, The North Market, Franklin Park Conservatory & Botanical Gardens, and The Short North Arts District.

The surrounding area has experienced substantial momentum driven by population growth, neighborhood revitalization, and increasing demand for development with density. Ownership originally anticipated developing 51 units of marketrate housing units in a 6-story structure fronting Parsons Avenue with 61 total surface parking spaces. New ownership can develop the site with existing plans, increase density, develop a ~12,900 square foot commercial space with 47 surface parking spaces on the East Parcel, or reconfigure the site plan with urban infill townhomes.

Available