Free-Standing Office Building with
1240 CRESCENT HEIGHTS RD MARION OH 43302 Marion, OH 43302
1240 CRESCENT HEIGHTS RD MARION OH 43302, Marion, OH, 43302
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For Sale
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Versatile office building with an adaptable exam-room layout, 18 paved parking spaces, and O-I-A zoning for professional uses.
Property Size1,908 SF
Lot Size0.50 Acres
Price / SF$144.08
Days on Market20
Property Features for 1240 CRESCENT HEIGHTS RD MARION OH 43302
General Information
- Standard status
- Active
- Size
- 1,908 SF
- Lot size
- 0.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1991
Listing agency
RE/MAX Connection, Realtors
(614) 882-6725
Listed by
DeLena Ciamacco · License #367326
Source
Crexi
Added: Jul 3 Updated: Jul 21 at 4:40AM Checked: Jul 21 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Connection, Realtors
Investment Insights
Based on property information with market context.
This free-standing office building is well-suited for professional or medical-oriented operations, with a functional interior layout that has operated as a dental practice for decades. The floor plan includes a reception area, waiting room, 1.5 baths, an X-ray nook, multiple exam rooms with both private and semi-private configurations, along with lab and prep areas and a large private office. The space is described as adaptable for a variety of business needs.
The property sits on nearly 1/2 acre with abundant parking and convenient accessibility. It is located near shopping and dining and provides major freeway access, supporting client, customer, and employee convenience.
Currently zoned O-I-A (Office-Institutional-Apartment District), the property may align with a range of professional or institutional uses per zoning regulations, including medical or dental offices, banking, insurance, legal services, real estate, accounting, architectural firms, and educational or similar institutional uses. The site includes 18 paved parking spaces.
The property sits on nearly 1/2 acre with abundant parking and convenient accessibility. It is located near shopping and dining and provides major freeway access, supporting client, customer, and employee convenience.
Currently zoned O-I-A (Office-Institutional-Apartment District), the property may align with a range of professional or institutional uses per zoning regulations, including medical or dental offices, banking, insurance, legal services, real estate, accounting, architectural firms, and educational or similar institutional uses. The site includes 18 paved parking spaces.
Key Highlights
- Free‑standing office building built in 1991 with approximately 2,000 SF and a versatile layout for many professional or institutional uses
- Nearly 1/2‑acre lot with 18 paved parking spaces and abundant on‑site parking
- Current zoning: O‑I‑A (Office‑Institutional‑Apartment District), allowing for multiple potential professional and institutional uses per zoning regulations
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $21.53 |
| − Vacancy | −$9.8k | −$5.15 |
| EGI | $31.3k | $16.38 |
| − OpEx | −$7.8k | −$4.10 |
| NOI | $23.4k | $12.29 |
1,908 SF · lease $21.53/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$334.9K
$293.1K – $390.8K
NOI $23,446 @ 7.0% cap · market cap 8.53%
Second Best
Healthcare Medical
$321.1K
$281.0K – $374.6K
NOI $22,476 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$385.2K
$337.0K – $449.4K
NOI $26,961 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marion Smile Dental
Dental Office
Marion Dental Center
Dental Office
Dr. Meng Tong
Dental Office
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FAQs
What type of property is this?
Medical Office Space - Versatile office building with an adaptable exam-room layout, 18 paved parking spaces, and O-I-A zoning for professional uses.
Where is this medical office space located?
The property is located at 1240 CRESCENT HEIGHTS RD MARION OH 43302 Marion, OH.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Free‑standing office building built in 1991 with approximately 2,000 SF and a versatile layout for many professional or institutional uses; Nearly 1/2‑acre lot with 18 paved parking spaces and abundant on‑site parking; Current zoning: O‑I‑A (Office‑Institutional‑Apartment District), allowing for multiple potential professional and institutional uses per zoning regulations
