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    Marion-Waldo Rd Unit 7.22 Acres Rd Rd Marion, OH 43302

    Sponsored
    For Sale
    $433,000

    7.22 Acres, Zoned Commercial, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 7.22-acre commercial parcel presents a remarkable opportunity for development in Marion, Ohio. Strategically located on Marion-Waldo Road (State Route 423 South), this property enjoys high visibility and convenient access, situated just half a mile south of a Kroger supermarket. The land is already zoned for commercial use (400-Commercial), eliminating the need for lengthy rezoning processes and expediting project timelines. All essential utilities are readily available, including public water, public sewer, electricity, natural gas, and internet connectivity, ensuring seamless infrastructure for any commercial venture. The expansive acreage offers significant potential for a variety of commercial developments, from retail spaces and restaurants to office buildings and light industrial facilities. Its prime location and existing zoning make this a truly exceptional investment opportunity in a thriving commercial area. The property's accessibility and proximity to established businesses make it an ideal location for attracting customers and employees. This is a rare chance to acquire a substantial, ready-to-develop commercial site in a desirable location. Serious inquiries are encouraged.

    Property Features for Marion-Waldo Rd Unit 7.22 Acres Rd Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    314,503 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.11989
    Latitude
    40.564

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    FAQs

    What type of property is this?
    Commercial real estate - 7.22 Acres, Zoned Commercial, High Visibility
    Where is this commercial real estate located?
    The property is located at Marion-Waldo Rd Unit 7.22 Acres Rd Rd Marion, OH.
    What is the asking price?
    The asking price for this property is $433,000.
    (740) 389-2000
    Request Owner's contact information
    Marion-Waldo Rd Unit 7.22 Acres Rd Rd Marion, OH 43302
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    Marion, OH 43302
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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
    Marion-Waldo Rd Unit 7.22 Acres Rd Rd Marion, OH 43302
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