1480 Wellness DrMarion, OH 43302

Property Details for 1480 Wellness Dr

Lot size

20.56 AC

Property type

Commercial land

APN

14-451000.3000

APU

144510003000

Description

This exceptional 33.4-acre commercial property in Marion, Ohio, presents a remarkable investment opportunity. Located at 1480 Wellness Drive, this four-parcel site boasts a highly desirable C2 zoning classification, offering a wide range of development possibilities. The property's substantial 1,454,904 square foot lot size provides ample space for various commercial ventures. Its strategic location at a corner lot with a traffic light ensures high visibility and accessibility, maximizing exposure to potential customers. The property's proximity to the Social Security building and the YMCA further enhances its appeal and potential for attracting a diverse clientele. Annual property taxes are approximately $3,647. Significant infrastructure improvements have already been undertaken, including some sewer, water, and electric utility work. The availability of Tax Increment Financing (TIF) money may provide additional financial incentives for qualified projects. This prime location, combined with the existing infrastructure and zoning, makes this property an ideal candidate for a variety of commercial developments. Interested parties should conduct their own due diligence regarding TIF availability and specific utility details. The asking price for this exceptional property is $2,600,000.

• Alternative Use

  Use

  Valuation

  Residential

  $151,705,344

  Hospitality

  $138,961,280

  Educational

  $115,614,160

  Medical

  $119,590,304

  Retail

  $179,844,240

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5625

Longitude

-83.1105

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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