For Sale
$819,777

310 Vine StMount Vernon, OH 43050

Prime Location, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property at 310 W Vine Street, Mount Vernon, Ohio, presents a unique investment opportunity. The 10,950 square foot building, constructed in 1900, boasts a rich history as the Old Farmers Exchange Hardware building. The three-story structure features a substantial concrete grain elevator, currently generating approximately $2400 per month in rental income from storage units. The property also includes ample parking and a significant 300-foot frontage along active railroad tracks, adding to its versatility and appeal. The expansive 40,946.4 square foot lot (0.9404 acres) offers considerable development potential. The building's prominent location makes it a highly visible landmark in Mount Vernon, ideal for marketing purposes. The property's unique features, including the grain elevator and railroad spur, lend themselves to creative redevelopment. Envisioned uses include a brew house or themed restaurant, with the potential for luxury apartments on the third floor. Similar grain silos and elevators have been successfully repurposed nationwide into unique housing or commercial ventures. This property is priced at $819,777, translating to $74.87 per square foot. This is an exceptional opportunity for an investor with vision who believes in the future of Mount Vernon. The property's size, location, and unique features make it a truly remarkable investment.

Highlights

  • $819,777 asking price for this special purpose property.
  • 10,950 square feet, with 10,950 square feet of net rentable space.
  • $74.87 price per square foot.
  • Built in 1900, situated on a 40,946.4 square foot lot.

Property Details for 310 Vine St

Property type
Specialty properties
Square Feet
10,950 SF
Year Built
1900

Location Insight

City
Mount Vernon
County
Knox
State
Ohio
Latitude
40.3926183
Longitude
-82.4899935
310 Vine St, Mount Vernon, Ohio

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310 Vine St
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