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    206 Mulberry St Mount Vernon, OH 43050

    For Sale
    $479,900

    Prime Office Building, 3464 sq ft

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional opportunity to acquire a 3,464 square foot professional office space in downtown Mount Vernon, Ohio. This property, located at 206 S Mulberry Street (corner of S. Mulberry St and Ohio Ave), is part of a condo association and features two separate lobbies, four bathrooms (two handicap accessible), several storage rooms, and fourteen sizable rooms. Approximately half of the rooms include water, sinks, and counter space. Additional amenities include a laundry area with a mop sink, a security system, and a large paved parking lot offering ample parking. The building boasts a recent appraisal of $560,000. Previous rental income was $5,000 per month. The lot size is 8,712 square feet, and the asking price is $479,900 ($138.54 per square foot). This versatile space presents numerous possibilities for a variety of professional uses. A YouTube video showcasing the property is available online. The property is located in Knox County, Ohio, zip code 43050.

    Property Features for 206 Mulberry St

    General Information

    Property type
    Specialty properties

    HighLights

    • $479,900 asking price.
    • 3,464 square feet of net rentable space.
    • $138.54 price per square foot.
    • 8,712 square foot lot.
    • Located at 206 S Mulberry Street, Mount Vernon, OH 43050.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.486529
    Latitude
    40.3913183

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    FAQs

    What type of property is this?
    Specialty property - Prime Office Building, 3464 sq ft
    Where is this specialty property located?
    The property is located at 206 Mulberry St Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: $479,900 asking price.; 3,464 square feet of net rentable space.; $138.54 price per square foot.
    Request Owner's contact information
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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
    206 Mulberry St Mount Vernon, OH 43050
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