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    401 Chestnut St Marysville, OH 43040

    Sponsored
    For Sale
    $1,200,000

    1.09-acre corner lot, excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 47,480.4 square foot warehouse property, located at 401 S Chestnut Street in Marysville, Ohio (zip code 43040), presents a compelling investment opportunity. Built in 1920, the property sits on a sizable 1.09-acre corner lot and is currently occupied by a long-term commercial tenant under a triple net (NNN) lease extending through 2029. The asking price is $1,200,000, translating to $218.18 per square foot. This prime location within the rapidly developing downtown Marysville area offers significant potential for future development. The property's strategic positioning benefits from the proximity of new residential developments, enhancing its long-term value. Furthermore, its designation as an opportunity zone presents potential tax advantages for qualified investors. This is a rare chance to acquire a well-situated industrial property with a secure income stream and substantial upside potential in a thriving Ohio market. The property's size and location make it ideal for a variety of redevelopment projects, capitalizing on the current growth trajectory of the Marysville area.

    Property Features for 401 Chestnut St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1920

    HighLights

    • 47,480.4 SF warehouse on a 1.09‑acre corner lot in Marysville, OH (43040).
    • NNN lease in place through 2029.
    • Asking price: $1,200,000 ($218.18/SF).
    • Located in rapidly developing downtown Marysville, near new residential developments.
    • Opportunity Zone designation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stay Dry Waterproofing Waterproofing Service ZND-FIX Mold Removal ... Contractor Concrete Works Plus Concrete Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3621087
    Latitude
    40.2328627

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    FAQs

    What type of property is this?
    Distribution property - 1.09-acre corner lot, excellent development potential.
    Where is this distribution property located?
    The property is located at 401 Chestnut St Marysville, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 47,480.4 SF warehouse on a 1.09-acre corner lot in Marysville, OH (43040).; NNN lease in place through 2029.; Asking price: $1,200,000 ($218.18/SF).
    Request Owner's contact information
    401 Chestnut St Marysville, OH 43040
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    Marysville, OH 43040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Chestnut St Marysville, OH 43040
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