
2480 ALUM CREEK DR
Opportunity Zone | Development Opportunity
Marketing description
2480 Alum Creek Drive presents a rare large-scale infill redevelopment opportunity comprising approximately 47 acres in Columbus, Ohio. The property offers exceptional scale, access, and visibility for future development. Strategically located with connectivity to I-270, downtown Columbus, and the Rickenbacker logistics corridor, the site is positioned within one of Central Ohio’s strongest growth corridors.
This property holds residential development potential, creating a compelling opportunity for developers exploring residential, mixed-use, or alternative redevelopment concepts, subject to zoning and approvals. Historically operated as a clean hard fill site, the property offers significant value-add and repositioning upside, supported by completed environmental due diligence, including Phase I and Phase II assessments. The site may also present opportunities for purchasers to explore redevelopment incentives and public-private tools, including potential Brownfield remediation grants, Community Reinvestment Area (CRA) tax incentives, Low-Income Housing Tax Credits (LIHTC), Opportunity Zone (OZ) benefits, and other local, state, or federal programs, subject to buyer underwriting and agency approvals. With substantial scale, infrastructure considerations, and potential incentive layering, this is a unique opportunity to acquire and reposition a sizeable infill tract in a supply-constrained market.
Investment highlights
Approximately 47-acre infill redevelopment opportunity in Columbus, Ohio
Strategic location with access to I-270, Downtown Columbus, and the Rickenbacker Inland Port
Potential residential redevelopment supported by available sewer capacity
Significant value-add and repositioning opportunity through redevelopment or adaptive reuse
Completed Phase I and Phase II environmental assessments available for review
Potential eligibility for Brownfield remediation incentives and grants
Located in an Opportunity Zone with potential tax advantages
Potential access to Community Reinvestment Area (CRA) incentives
Potential applicability for Low-Income Housing Tax Credits (LIHTC) for qualified housing developments
Rare large-scale infill tract in a supply-constrained Central Ohio market
Flexible future use potential including residential, mixed-use, industrial outdoor storage, or other concepts subject to approvals
Opportunity to leverage public-private incentive layering to enhance project economics
Positioned within one of the Midwest’s strongest population and employment growth markets
Existing site remediation and redevelopment pathway may offer upside for experienced developers
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