111 Morey DrMarysville, OH 43040

Property Details for 111 Morey Dr

Year built

1995

Construction

BRICK

Lot size

1.00 AC

Property size (Sq ft)

5,781 SF

Property type

Day care centers & nurseries

APN

29-0002157.2000

APU

2900021572000

Description

This exceptional 5,781 square foot commercial building presents a lucrative investment opportunity in the thriving city of Marysville, Ohio. Currently leased to LEADS, a well-established daycare center, the property enjoys a prime location ensuring high visibility and easy accessibility. The spacious interior is ideally suited for childcare operations, featuring a layout designed to create a welcoming and functional environment for both children and their parents. The building sits on a one-acre lot, which includes a dedicated parking area for ample staff and visitor parking. A significant advantage is the inclusion of an adjacent vacant lot, offering considerable potential for future expansion of the existing business or the creation of additional parking spaces to meet growing needs. This turnkey operation provides a strong, stable income stream while offering significant upside potential in a rapidly developing community. The property's current lease and desirable location make it an attractive investment for those seeking a stable return and future growth opportunities within the childcare sector. The combination of a successful tenant, ample parking, and expansion potential makes this a truly unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $782,589

  6.5%

  $722,390

  7%

  $670,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,868

  Geo Method

  $621,868

• Alternative Use

  Use

  Valuation

  Residential

  $916,382

  Hospitality

  $839,401

  Educational

  $698,372

  Medical

  $722,390

  Retail

  $1,086,356

Location Insight

City

Marysville

County

Union

State

Ohio

Latitude

40.2267

Longitude

-83.3695

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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