1480 Wellness DrMarion, OH 43302

  • Land
  • 20.56 AC
For Sale
$2,600,000 View listing

Property Details for 1480 Wellness Dr

Lot size
20.56 AC
Property type
Land
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $151,705,344
    Hospitality
    $138,961,280
    Educational
    $115,614,160
    Medical
    $119,590,304
    Retail
    $179,844,240
1480 Wellness Dr, Marion, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,449
$27,840
-
$27,840
-
$79,540
-
$79,540

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