For Sale
$1,200,000

401 Chestnut St Marysville, OH 43040

1.09-acre corner lot, excellent development potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 47,480.4 square foot warehouse property, located at 401 S Chestnut Street in Marysville, Ohio (zip code 43040), presents a compelling investment opportunity. Built in 1920, the property sits on a sizable 1.09-acre corner lot and is currently occupied by a long-term commercial tenant under a triple net (NNN) lease extending through 2029. The asking price is $1,200,000, translating to $218.18 per square foot. This prime location within the rapidly developing downtown Marysville area offers significant potential for future development. The property's strategic positioning benefits from the proximity of new residential developments, enhancing its long-term value. Furthermore, its designation as an opportunity zone presents potential tax advantages for qualified investors. This is a rare chance to acquire a well-situated industrial property with a secure income stream and substantial upside potential in a thriving Ohio market. The property's size and location make it ideal for a variety of redevelopment projects, capitalizing on the current growth trajectory of the Marysville area.

Highlights

  • 47,480.4 SF warehouse on a 1.09-acre corner lot in Marysville, OH (43040).
  • NNN lease in place through 2029.
  • Asking price: $1,200,000 ($218.18/SF).
  • Located in rapidly developing downtown Marysville, near new residential developments.
  • Opportunity Zone designation.

Property Details for 401 Chestnut St

Property type
Warehouses, Industrial properties
Year Built
1920

Location Insight

City
Marysville
County
Union
State
Ohio
Latitude
40.2328627
Longitude
-83.3621087

FAQs

What type of property is this?
Warehouse - 1.09-acre corner lot, excellent development potential.
Where is the warehouse located?
The property is located at 401 Chestnut St Marysville, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 47,480.4 SF warehouse on a 1.09-acre corner lot in Marysville, OH (43040).; NNN lease in place through 2029.; Asking price: $1,200,000 ($218.18/SF).
How can I contact the broker?
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401 Chestnut St
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