1236 Oak Street, Columbus, OH 43205

Property Description

Positioned in the heart of Olde Towne East, 1236 Oak Street offers a distinctive opportunity in one of Columbus' most active and character-rich urban neighborhoods. Surrounded by historic architecture, walkable shops, restaurants and continued multifamily investment, the property is well situated to serve the area's growing residential and commercial activity. The property is zoned ARLD, Apartment Residential Low Density District, and benefits from an approved variance permitting the existing building to operate as an eating or drinking establishment or office. The variance also preserves the potential to return the property to residential use, giving a future owner valuable flexibility. Currently configured as an office, the building could be well suited for a neighborhood cafe, coffee shop, boutique retailer, professional office or other creative concept. Extensive renovations completed in early 2023 include a new rubber membrane roof with high-density cover boards, new electrical service and wiring, new plumbing, a new four-head mini-split HVAC system, new drywall and updated interior finishes. The current owner subsequently completed additional electrical improvements, refurbished the concrete floors and built out the space with a full kitchen. The sale also includes the adjoining corner lot at Sherman Avenue and Oak Street, providing additional visibility and compelling potential for future development. Together, the renovated building, flexible approved uses and additional land create an uncommon owner-user or investment opportunity in the heart of Olde Towne East. Prospective purchasers should independently verify zoning, variance terms, permitted uses, building systems and development potential.