Property Overview:
This is a unique opportunity to acquire 3.11 acres of prime development land located at 2700 McKinley Avenue in Columbus, Ohio. Nestled on the tranquil Hidden Lake, this property offers a picturesque setting ideal for residential or mixed-use development. The land lies within a designated Opportunity Zone, providing significant tax incentives and economic benefits for investors.
Location Highlights:
Central Ohio Economic Growth: Columbus is renowned for its dynamic economy and consistent business growth. Key sectors include technology, finance, healthcare, and education, contributing to a robust job market and high quality of life.
Opportunity Zone Advantage: Investing in this property comes with substantial tax benefits under the Opportunity Zone program. This initiative aims to stimulate economic development in distressed areas, offering favorable tax treatment for investors.
Property Features:
Acreage: The property spans 3.11 acres, providing ample space for various development possibilities.
Waterfront Views: Located on Hidden Lake, the property boasts serene water views and potential for recreational amenities.
Development Potential: Perfect for residential or mixed-use projects, this land meets the growing housing demands of Central Ohio.
Market Demand:
High Demand for Housing: Columbus is experiencing rapid population growth, driven by its economic vitality and vibrant cultural scene. This influx has created a strong need for new housing developments, making this property a prime candidate for addressing this demand.
Accessibility:
Strategic Location: The property is conveniently located with easy access to major highways, downtown Columbus, and essential amenities.
Nearby Amenities: Close to shopping centers, schools, healthcare facilities, and recreational areas, this location enhances the desirability for future residents and businesses.
Investment Potential:
Significant Tax Incentives: As part of an Opportunity Zone, this property offers investors the chance to benefit from substantial tax incentives, enhancing the overall return on investment.
Central Ohio Growth: By investing in this property, you can capitalize on the ongoing economic growth and development in Columbus, a city that consistently ranks among the top U.S. cities for business and lifestyle.
Summary:
This 3.11-acre property at 2700 McKinley Avenue presents a rare and valuable opportunity for developers and investors. With its prime location on Hidden Lake, within an Opportunity Zone, and amidst a thriving economic environment, this land is perfect for residential or mixed-use development. The $2.25 million price point reflects the potential for significant returns and strategic growth.
For more information or to schedule a viewing, please contact:
Contact Information:
Darrick Klamut CCIM
614-769-4085
Darrick.Klamut@rollsrealty.com
Rolls Realty
Invest in the future of Central Ohio and take advantage of this exceptional development opportunity today.