Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historical Gem in Marion, Ohio Title is generated by Realmo AI

    265 S State St, Marion, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Historical property with unique architectural details and endless opportunities.

    Type:RETAIL
    Property size:
    3,484 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $74/SF
    Added:
    Nov 19, 2024
    Days on Market:
    572
    Last Refresh:
    May 20 at 9:59 pm

    Property Features for 265 S State St

    General Information

    Standard status
    Active
    Size
    3,484 SF
    Lot size
    0.20 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Janice Chase

    Listing agent Janice Chase

    Listing office Generations Realty

    Listing date Nov 19, 2024

    Source Moodyscre

    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 Generations Realty

    HighLights

    • New roof (2024) and newer HVAC system for main floor.
    • Unique historical property with original architectural details, wood flooring, lead glass, and stained glass windows.
    • Grand foyer and staircases create a striking entrance.
    • Versatile property previously used as a residence, store, tea room, and dental office.
    • Four bedrooms and four bathrooms (2 full, 2 half).
    • Finished attic with baseboard heat provides additional living space.

    Overview

    This historical property, known as the "OLD TOWNE HOUSE," is located in Marion, Ohio, and offers a variety of opportunities. The property features unique architectural details throughout, including wood details, wood flooring in many areas, some lead glass, and stained glass windows. A grand foyer and staircases enhance the interior. The estate, once a residence, store, and tea room, and even a dental office, includes a finished attic with baseboard heat for additional space. The property has 4 bedrooms, 2 full and 2 half baths, a garage, and an enclosed backyard. Recent updates include fresh paint and a new roof in 2024, as well as a newer HVAC system for the main floor. The property size is 3,484 square feet.

    Local Financial Insights For Retail

    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 $20.1k $5.78
    − Vacancy −$721 −$0.21
    EGI $19.4k $5.57
    − OpEx −$5.8k −$1.67
    NOI $13.6k $3.90
    3,484 SF · lease $5.78/SF/yr · vacancy 3.58% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $194.2K
    $169.9K – $226.5K (±1% cap)
    NOI $13,592 @ 7.0% cap · market cap 5.23%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $703.3K
    $615.4K – $820.5K (±1% cap)
    NOI $49,230 @ 7.0% cap · market cap 18.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Hemmerly's Flowers & Gifts — 615 E Center St, Marion, OH 43302

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1273
    Latitude
    40.5853

    Nearby Similar for Sale

    • $399,000

      Marion, Ohio Mobile Home Park

      1.75-acre mobile home park with 32 pads and residence.
      1015 N Main Street, Marion, OH 43302
      View Details
    • $599,000
      12,387 SF

      South Marion County Church Building

      Church on 2.9 acres with commercial potential.
      2422 Smeltzer Road, Marion, OH 43302
      View Details
    • $219,900

      Marion Multifamily Property For Sale

      Multifamily property with tenant-occupied units and potential rent increase.
      885 Mt Vernon Avenue, Marion, OH 43302
      View Details
    • $174,900

      Duplex with Separate Entrances

      Two well-laid-out units offer rental income potential and flexible live-in-or-let-both options with privacy in the backyard.
      389-391 Oak Street, Marion, OH 43302
      View Details
    • $399,000
      76,230 SF

      Marion, Ohio Mobile Home Park

      1.75-acre mobile home park with 32 pads.
      1015 North Main Street, Marion, OH 43302
      View Details
    • $124,900

      Marion, OH Duplex For Sale

      Duplex with immediate occupancy in Marion, Ohio.
      229 W Columbia Street, Marion, OH 43302
      View Details
    • $300,000
      2,500 SF

      Medical Office Condo Near Hospital

      Move-in ready medical office condo near Marion General Hospital.
      1043 Harding Memorial Parkway, Marion, OH 43302
      View Details
    • $1.00
      2,936 SF

      Free-Standing Retail Building on Corner

      Vacant retail building in Marion, OH, formerly Denny’s.
      1050 Mt Vernon Ave, Marion, OH 43302
      View Details
    • $174,900
      2,016 SF

      Well-Maintained Duplex with Fenced Yard

      Duplex with separate entrances, 3-bedroom units, and a fully fenced backyard—well-suited for rental or owner occupancy.
      389-391 Oak Street, Marion, OH 43302
      View Details
    • $75,000
      2,936 SF

      Free-Standing Retail Building in Marion

      Vacant retail building on a corner lot in Marion, OH.
      1050 Mount Vernon Ave, Marion, OH 43302
      View Details
    • $69,900

      Dual-Design Duplex: Income and Opportunity

      Duplex with income potential and renovation opportunity in Marion, OH.
      354 Bellefontaine Avenue, Marion, OH 43302
      View Details
    • $219,900
      2,144 SF

      Two-Unit Duplex Investment

      Well-maintained duplex with two 2-bedroom units, new roof and HVAC, and tenant-paid utilities.
      885 Mt Vernon Avenue, Marion, OH 43302
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historical property with unique architectural details and endless opportunities.
    Where is this storefront property located?
    The property is located at 265 S State St Marion, OH.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: New roof (2024) and newer HVAC system for main floor.; Unique historical property with original architectural details, wood flooring, lead glass, and stained glass windows.; Grand foyer and staircases create a striking entrance.
    (740) 361-6781 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Janice Chase
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    265 S State St, Marion, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!