General Business Live-Work
307 Harcourt Road Mount Vernon, OH 43050
307 Harcourt Road, Mount Vernon, OH, 43050
Contact for pricing
For Sale
Contact for pricing
Ranch home with office space plus a detached 48 by 28 building, offered for sale in a General Business zone.
Property Size2,114 SF
Lot Size1.96 Acres
Price / SF$236.52
Days on Market102
Property Features for 307 Harcourt Road
General Information
- Standard status
- Active
- Size
- 2,114 SF
- Lot size
- 1.96 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1959
Listing agency
Re/Max Stars
(740) 397-7800
Listed by
Sam Miller · License #331052
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 6:35PM Checked: Jul 21 at 6:35PM
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 Stars
Investment Insights
Based on property information with market context.
This for-sale live-work commercial property features a ranch home configured with three bedrooms and two full bathrooms, along with a living room with a gas log fireplace, an adjoining dining room, and a kitchen with stainless steel appliances. Additional interior space includes a home office area and a lower-level rec room.
The property is zoned General Business and is described as high-visibility among established Mount Vernon businesses. A detached 48 by 28 building provides 1,344 square feet, and the site includes ample parking.
The combination of the residence, dedicated office space, and detached building supports a variety of commercial uses consistent with the General Business zoning, with the overall site totaling 1.96 acres.
The property is zoned General Business and is described as high-visibility among established Mount Vernon businesses. A detached 48 by 28 building provides 1,344 square feet, and the site includes ample parking.
The combination of the residence, dedicated office space, and detached building supports a variety of commercial uses consistent with the General Business zoning, with the overall site totaling 1.96 acres.
Key Highlights
- Commercial property featuring a ranch home built in 1959 and a detached 48 x 28 building (1,344 SF), both on 1.96 acres.
- Zoned General Business, with the home offering 3 bedrooms and 2 full baths.
- Home layout includes a living room with gas log fireplace and an adjoining dining room.
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 | $43.4k | $20.52 |
| − Vacancy | −$11.1k | −$5.23 |
| EGI | $32.3k | $15.29 |
| − OpEx | −$8.1k | −$3.82 |
| NOI | $24.2k | $11.47 |
2,114 SF · lease $20.52/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.3K
$303.0K – $404.0K
NOI $24,238 @ 7.0% cap · market cap 4.85%
Second Best
Mixed Use
$110.8K
$97.0K – $129.3K
NOI $7,756 @ 7.0% cap · market cap 1.55%
Theoretical Best
Specialty Retail
$589.7K
$516.0K – $687.9K
NOI $41,276 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Ranch home with office space plus a detached 48 by 28 building, offered for sale in a General Business zone.
Where is this live-work space located?
The property is located at 307 Harcourt Road Mount Vernon, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Commercial property featuring a ranch home built in 1959 and a detached 48 x 28 building (1,344 SF), both on 1.96 acres.; Zoned General Business, with the home offering 3 bedrooms and 2 full baths.; Home layout includes a living room with gas log fireplace and an adjoining dining room.
