For Sale
$1,650,000

20000 Sycamore RdMount Vernon, OH 43050

45,840 SF Retail Space, 90% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity presents a substantial 45,840-square-foot property located at 20000 Sycamore Road, Mount Vernon, Ohio, 43050. The property, classified as Class B, boasts four single-story buildings constructed in 2007 and sits on a generous 543,193.2-square-foot lot. Currently operating at 90% occupancy, this asset offers a compelling return on investment with an asking price of $1,650,000, translating to $12 per square foot. The property is zoned for agricultural use (agri) and features a three-phase electrical service, including a dedicated generator building. While the previous business operated as a broiler chicken farm, the versatile space presents significant potential for various retail applications. The property's sealed construction and biosafety protocols, implemented by the previous tenant, highlight its adaptability and potential for diverse uses. The sale includes the real property and allows for a 1031 exchange. This presents a unique opportunity for investors seeking a high-occupancy, established property with significant upside potential in a growing market. The property's substantial size and strategic location in Knox County, Ohio, make it an attractive investment for discerning buyers.

Highlights

  • 45,840-square-foot retail property in Mount Vernon, OH.
  • Class B, four single-story buildings on a 543,193.2-square-foot lot, built in 2007.
  • 90% occupancy, asking price $1,650,000 ($12/SF).
  • Zoned agricultural, features three-phase power and generator building.
  • 1031 exchange eligible.

Property Details for 20000 Sycamore Rd

Property type
Retail properties
Square Feet
45,840 SF
Class
B
Year Built
2007
Buildings
4
Stories
1

Location Insight

City
Mount Vernon
County
Knox
State
Ohio
Latitude
40.3156959
Longitude
-82.3939559
20000 Sycamore Rd, Mount Vernon, Ohio

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20000 Sycamore Rd
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