Mixed-Use Building with Bar
New
For Sale
$550,000
14 W Vine St, Mount Vernon, OH 43050
Two retail tenants occupy the property, with additional levels configured for hospitality use.
Property Size12,232 SF
Days on Market4
Property Features for 14 W Vine St
General Information
Standard status
Active
Size
12,232 SF
Property subtype
Retail
Additional Details
Tenant in Place
Yes
Amenities
two built-out bars
basement kitchen with approximately 8-foot hood
adjacent parking lot offering four-hour free parking
Building Details
Building Size
12,232 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
SHAI-Hess Commercial Real Estate
Listed By:
Park Shai
(740) 404-0665
Source:
Shai-hess
Added: Oct 30
Last Checked: Nov 1 at 3:03AM
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 SHAI-Hess Commercial Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property has a split-level layout across multiple floors, with two established retail tenants and additional space featuring two built-out bars. A basement kitchen includes an approximately 8-foot hood. The building dates to 1900 and is located at 14 W Vine St in Mount Vernon, Ohio.
An adjacent parking lot provides four-hour free parking. The combination of retail occupancy and hospitality improvements gives the property a varied existing configuration.
An adjacent parking lot provides four-hour free parking. The combination of retail occupancy and hospitality improvements gives the property a varied existing configuration.
Key Highlights
- Two established retail tenants occupy the building
- Split‑level configuration across multiple levels
- Two built‑out bars on additional floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,554
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,080
$951.1K
Cap Rate 7%
$679,343
$679.3K
Cap Rate 9%
$528,378
$528.4K
Market Conditions
NOI Build-Up for 12,232 SF
Gross rent
$70.5K $5.76/SF
− Vacancy
−$2.5K −$0.21/SF
EGI
$67.9K $5.55/SF
− OpEx
−$20.4K −$1.67/SF
NOI
$47.6K $3.89/SF
Area
Knox County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,080
Cap Rate 7%
$679,343
Cap Rate 9%
$528,378
Alternative Uses
Best Use
Retail
$679.3K
$594.4K – $792.6K
NOI $47,554 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$641.1K
$561.0K – $748.0K
NOI $44,878 @ 7.0% cap · market cap 8.16%
Theoretical Best
Specialty Retail
$3.41M
$2.99M – $3.98M
NOI $238,830 @ 7.0% cap · market cap 43.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail tenants occupy the property, with additional levels configured for hospitality use.
Where is this mixed-use property located?
The property is located at 14 W Vine St Mount Vernon, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two established retail tenants occupy the building; Split‑level configuration across multiple levels; Two built‑out bars on additional floors
