1295 Mount Vernon AveMarion, OH 43302

Property Details for 1295 Mount Vernon Ave

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

1.10 AC

Property type

Retail properties

Property subtype

Strip malls

APN

16-012060.0100

APU

160120600100

Description

This exceptional turnkey smoke shop business opportunity is located at 1295 Mt. Vernon Avenue in Marion, Ohio, 43302. Boasting a prime location on State Route 95, this established business enjoys high visibility and consistent traffic, resulting in impressive monthly sales averaging between $30,000 and $35,000. The business has cultivated a loyal customer base and strong community reputation over its four-year history. The asking price for this profitable venture is $75,000. The sale includes approximately $105,000 worth of inventory (as of August 1st, 2024), encompassing a diverse range of products such as vapes, tobacco products, pipes, hookahs, cigars, CBD products, and clothing. The current lease agreement is $1800 per month for a 1,700 square foot space situated on a 47,916 square foot lot. This is a fantastic opportunity for an entrepreneur seeking an immediately operational business with a proven track record and significant earning potential. The business is offered as a complete turnkey operation, ready for a new owner to step in and continue its success. Note that this sale is for the business only

• CAP approach

  CAP return

  Valuation

  6%

  $11,775,894

  6.5%

  $10,870,056

  7%

  $10,093,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,263,918

  Geo Method

  $11,263,918

• Alternative Use

  Use

  Valuation

  Residential

  $9,169,299

  Hospitality

  $8,399,029

  Educational

  $6,987,894

  Medical

  $7,228,218

  Retail

  $10,870,056

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5805

Longitude

-83.0951

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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