895 Harcourt RdMount Vernon, OH 43050

Property Details for 895 Harcourt Rd

Year built

1977

Lot size

1.49 AC

Property size (Sq ft)

7,104 SF

Property type

Office properties

Property subtype

Office buildings

APN

12-02293.000

APU

1202293000

Description

This exceptional investment opportunity presents a stately office building located at 895 Harcourt Road, Mount Vernon, Ohio, 43050. The property boasts a substantial 7,104 square feet of net rentable space, priced competitively at $126.69 per square foot, with an asking price of $900,000. Situated on a generous 2.621 acres (65,340 square feet), the property features a convenient blacktop parking lot providing ample parking for tenants and visitors. The building's classification as "Special Purpose" suggests unique potential for a variety of commercial uses, making it an attractive option for investors seeking a versatile and well-located asset. The property's location in Mount Vernon, Knox County, Ohio offers access to local amenities and transportation networks. This is a rare opportunity to acquire a substantial commercial property with significant potential for return on investment. The expansive lot size also presents possibilities for future development or expansion. Detailed property records are available upon request. This is a turnkey opportunity for an astute investor seeking a strong foothold in the Ohio commercial real estate market. The property is ready for immediate occupancy or further development, making it an ideal choice for a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,351,018

  6.5%

  $1,247,094

  7%

  $1,158,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $664,508

  Geo Method

  $664,508

• Alternative Use

  Use

  Valuation

  Residential

  $1,546,396

  Hospitality

  $1,416,491

  Educational

  $1,178,504

  Medical

  $1,219,034

  Retail

  $1,833,228

Location Insight

City

Mount Vernon

County

Knox

State

Ohio

Latitude

40.3787

Longitude

-82.5086

CBSA code

34540

CBSA name

MOUNT VERNON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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