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    246 1/ Front Marietta, OH 45750

    Sponsored
    For Sale
    $990,000

    Historic Downtown Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity encompasses two buildings at 246 and 248 Front Street, Marietta, Ohio, situated on a 0.02-acre lot in the heart of the city's vibrant downtown commercial district. The property boasts a rich history and currently houses a mix of successful businesses and luxury apartments. Tenants include Congressman Johnson and Sugar Maples, along with two high-end residential units. The strategic location offers unparalleled exposure, surrounded by a thriving ecosystem of upscale restaurants, coffee shops, retail establishments, and entertainment venues. This high-demand area ensures strong rental income and significant potential for future appreciation. The property includes convenient alleyway parking with seven designated spaces, a valuable asset in a bustling downtown setting. This is a rare chance to acquire a well-established, income-generating commercial property in a prime Marietta location. The buildings are in excellent condition and offer immediate returns for the discerning investor. This is a turnkey opportunity, ready for immediate ownership and management. The property's strong tenant base and desirable location make it an exceptionally attractive investment. The asking price is $990,000.

    Property Features for 246 1/ Front

    General Information

    Property type
    Residential income properties
    Lot Size
    871 SF

    Building Details

    Year Built
    2007
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Marietta
    County
    Washington
    State
    Ohio
    Longitude
    -81.45467
    Latitude
    39.41357

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    FAQs

    What type of property is this?
    Residential income property - Historic Downtown Investment Opportunity
    Where is this residential income property located?
    The property is located at 246 1/ Front Marietta, OH.
    What is the asking price?
    The asking price for this property is $990,000.
    (740) 374-8900
    Request Owner's contact information
    246 1/ Front Marietta, OH 45750
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    Marietta, OH 45750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 1/ Front Marietta, OH 45750
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