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    Lake Blvd Marion, OH 43302

    For Sale
    $199,900

    Three-acre lot, commercial zoning, endless possibilities.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property presents a unique development opportunity. Located at the highly visible corner of Lake Boulevard and Bayside Drive in Marion, Ohio, this approximately three-acre lot (130,680 square feet) is zoned for commercial use. The property offers unparalleled potential for a wide range of commercial ventures, given its prime location and accessibility. Utilities are readily available at the roadside, including gas, electric, water, and sewer. Prospective buyers should contact utility providers directly to obtain detailed information regarding tap-in fees and necessary permits. The expansive lot size provides ample space for substantial construction projects, allowing for significant flexibility in design and development. The property's strategic location ensures high visibility and convenient access for potential customers and employees. This is a rare opportunity to acquire a sizable commercial lot in a desirable location, ideal for entrepreneurs and investors seeking to establish a new business or expand existing operations. The property's APN is 14-4010000.301. The asking price for this exceptional property is $199,900.

    Property Features for 0 Lake Blvd

    General Information

    Property type
    Specialty properties

    HighLights

    • $199,900 asking price.
    • Special purpose property.
    • 130,680 square foot lot.
    • Commercially zoned.
    • Located at the corner of Lake Blvd and Bayside Drive in Marion, OH (APN: 14‑4010000.301).
    • Utilities available at the road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1158481
    Latitude
    40.5663333

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    FAQs

    What type of property is this?
    Specialty property - Three-acre lot, commercial zoning, endless possibilities.
    Where is this specialty property located?
    The property is located at Lake Blvd Marion, OH.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: $199,900 asking price.; Special purpose property.; 130,680 square foot lot.
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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
    Lake Blvd Marion, OH 43302
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