Historic Mixed-Use
For Sale
$229,000
334 E Center St, Marion, OH 43302
Flexible floor plan with architectural woodwork, soaring ceilings, and updated electrical service.
Property Size3,314 SF
Price / SF$69.10
Days on Market57
Property Features for 334 E Center St
General Information
Standard status
Active
Size
3,314 SF
Amenities
intricate woodwork
soaring ceilings
oversized windows
new rear porch with accessible ramp
new storage building
new exterior lighting
central air
2 furnaces
Building Details
Year Built
1920
Stories
2
Building Size
3,314 SF
Listing Agency:
Generations Realty
Listed By:
Michelle Worden
(740) 802-6435
Source:
Thelorilynngroup
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 7 at 1:43PM
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
Investment Insights
Based on property information with market context.
This historic mixed-use property offers over 3,300 square feet of living space across two levels, with 2,117 square feet on the main level and 1,197 square feet upstairs. The layout includes 4-5 bedrooms and 3.5 baths, along with detailed woodwork, high ceilings, oversized windows, and abundant natural light. Central air and 2 furnaces support year-round comfort.
Recent improvements include a new 200-amp electrical service with breaker panel, rear porch with an accessible ramp, storage building, exterior lighting, and two chandeliers. The property is located at 334 E Center Street in Marion, Ohio, within the downtown district and near local shops, restaurants, and community events. Its configuration supports residential, office, retail, live-work, or other mixed-use applications identified in the property information.
Recent improvements include a new 200-amp electrical service with breaker panel, rear porch with an accessible ramp, storage building, exterior lighting, and two chandeliers. The property is located at 334 E Center Street in Marion, Ohio, within the downtown district and near local shops, restaurants, and community events. Its configuration supports residential, office, retail, live-work, or other mixed-use applications identified in the property information.
Key Highlights
- Over 3,300 square feet of living space across two levels
- 4‑5 bedrooms and 3.5 baths
- 2,117 sq. ft. on the main level and 1,197 sq. ft. upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,928
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,560
$258.6K
Cap Rate 7%
$184,686
$184.7K
Cap Rate 9%
$143,644
$143.6K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$19.2K $5.78/SF
− Vacancy
−$686 −$0.21/SF
EGI
$18.5K $5.57/SF
− OpEx
−$5.5K −$1.67/SF
NOI
$12.9K $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%
$258,560
Cap Rate 7%
$184,686
Cap Rate 9%
$143,644
Alternative Uses
Best Use
Office B
$581.8K
$509.0K – $678.7K
NOI $40,723 @ 7.0% cap · market cap 17.78%
Second Best
Retail
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$669.0K
$585.4K – $780.5K
NOI $46,828 @ 7.0% cap · market cap 20.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible floor plan with architectural woodwork, soaring ceilings, and updated electrical service.
Where is this mixed-use property located?
The property is located at 334 E Center St Marion, OH.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Over 3,300 square feet of living space across two levels; 4‑5 bedrooms and 3.5 baths; 2,117 sq. ft. on the main level and 1,197 sq. ft. upstairs
