1480 Wellness DrMarion, OH 43302
- Land
- 20.56 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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