Five-Station Hair Salon
For Sale
Contact for pricing
153 E Center Street, Marion, OH 43302
A dedicated manicure area and off-street parking support salon operations.
Property Size756 SF
Price / SF$1.06
Days on Market17
Property Features for 153 E Center Street
General Information
Standard status
Active
Size
756 SF
Property subtype
Office
Listing Agency:
RZ Realty Residential
(614) 486-7070
Listed By:
Michael Joseph Resnick · License #2026002251
(614) 226-6518
Source:
Livewellhomegrp
Added: Oct 14
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 RZ Realty Residential
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 756-square-foot salon studio is configured with five stations and a dedicated manicure area. The space is located at 153 E Center Street in Marion, Ohio, and includes off-street parking.
Key Highlights
- 756‑square‑foot salon studio
- Five salon stations
- Dedicated manicure area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,949
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,980
$59.0K
Cap Rate 7%
$42,129
$42.1K
Cap Rate 9%
$32,767
$32.8K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$4.4K $5.78/SF
− Vacancy
−$156 −$0.21/SF
EGI
$4.2K $5.57/SF
− OpEx
−$1.3K −$1.67/SF
NOI
$2.9K $3.90/SF
Area
Marion County, OH
Vacancy
3.58%
Lease Rate
$5.78 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,980
Cap Rate 7%
$42,129
Cap Rate 9%
$32,767
Alternative Uses
Best Use
Retail
$42.1K
$36.9K – $49.2K
NOI $2,949 @ 7.0% cap · market cap 368.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.6K
$133.5K – $178.0K
NOI $10,682 @ 7.0% cap · market cap 1,335.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Rally's
Dining
7,914 visits/mo
0.5 miles
Taco Bell
Dining
7,582 visits/mo
0.5 miles
Papa John's Pizza
Dining
2,638 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,145 visits/mo
0.3 miles
Demographics for 43302, OH
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195.0 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - A dedicated manicure area and off-street parking support salon operations.
Where is this spa & wellness property located?
The property is located at 153 E Center Street Marion, OH.
What are key features of this property?
This property features: 756‑square‑foot salon studio; Five salon stations; Dedicated manicure area
