1081 Mount Vernon AveMarion, OH 43302

Property Details for 1081 Mount Vernon Ave

Year built

1997

Construction

CONCRETE BLOCKS

Lot size

1.66 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

12-453000.0600

APU

124530000600

Description

This exceptional 11,000-square-foot commercial property, formerly a Rite Aid, presents a unique opportunity for lease or sale. Situated on a 1.66-acre lot at 1081 Mount Vernon Avenue in Marion, Ohio (zip code 43302), this single-tenant space offers unparalleled visibility and accessibility. The building is located in the heart of Marion's bustling retail corridor, directly off Route 23, boasting impressive daily traffic counts exceeding 19,000 vehicles. Its strategic location places it amongst a strong roster of national retailers including Walmart, Lowe's, Kohl's, Kroger, TJ Maxx, Hobby Lobby, Meijer, and Menards, ensuring high foot traffic and brand recognition. The property is suitable for various uses, including retail, office, or restaurant establishments. The entire 11,000 square feet is currently vacant and available, offering flexibility for customization to meet specific business needs. The property's size is also divisible, allowing for potential multi-tenant occupancy. This prime location and versatile space make it an ideal investment for businesses seeking a prominent presence in a thriving retail market. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $16,787,178

  6.5%

  $15,495,856

  7%

  $14,389,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,065,478

  Geo Method

  $17,065,478

• Alternative Use

  Use

  Valuation

  Residential

  $13,071,334

  Hospitality

  $11,973,272

  Educational

  $9,961,622

  Medical

  $10,304,217

  Retail

  $15,495,856

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5803

Longitude

-83.1013

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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