Redevelopment Opportunity
Redevelopment Opportunity - QCT - OZ
Marketing description
Positioned in Columbus, this 16.59-acre receiver sale presents a rare chance to acquire a large-scale redevelopment site with significant upside. Located within both a Qualified Census Tract (QCT) and Opportunity Zone, the property offers a unique combination of development potential and possible incentive-driven benefits for qualified investors.
With substantial acreage in an urban growth corridor, the site may support a range of future uses including multifamily, mixed-use, hospitality, entertainment, or commercial redevelopment, subject to approvals. The property benefits from strong accessibility, surrounding infrastructure, and proximity to major employment and transportation corridors, creating a compelling setting for transformative development.
Large infill sites with this scale, strategic positioning, and potential tax-advantaged characteristics are increasingly difficult to find in Central Ohio, making Fort Rapids a distinctive opportunity for developers and investment groups seeking value-add or long-term redevelopment plays.
Investment highlights
- 16.59-Acre Redevelopment Opportunity offering rare scale in an established Columbus corridor
- Receiver Sale providing a unique acquisition opportunity with motivated disposition structure
- Located within a Qualified Census Tract (QCT), creating potential access to development-related incentives
- Situated in a federally designated Opportunity Zone, presenting potential tax advantages for qualified investors
- Flexible Redevelopment Potential for mixed-use, multifamily, hospitality, commercial, or institutional uses (subject to approvals)
- Infill Development Site with existing surrounding infrastructure and utility access
- Strategic location with connectivity to major highways, employment centers, retail amenities, and residential growth
- Value-Add / Repositioning Opportunity for developers seeking adaptive reuse or ground-up redevelopment
- Large-scale urban land opportunities of this size are increasingly scarce in Central Ohio
- Potential to capitalize on both location fundamentals and incentive-driven upside
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