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    721 Center St Marion, OH 43302

    For Sale
    $175,000

    Versatile 3,470 SF Building, $175K

    Property size:
    3,470 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional special-purpose property at 721 W Center Street in Marion, Ohio, presents a unique investment opportunity. Boasting 3,470 square feet of net rentable space on a generous 16,988.4 square foot lot, this building is priced competitively at $175,000, or $50.43 per square foot. The property is fully equipped with pre-installed electrical, water, sewer, and plumbing infrastructure, ready for immediate occupancy. Detailed blueprints for a three-in-one business concept are available, offering a solid foundation for a variety of commercial ventures. Alternatively, the adaptable layout allows for customization to suit individual business needs. The interior is prepared for underground pipe installation, and a grease pit is already in place, making it ideal for food service or similar businesses. A significant advantage is the inclusion of a second parcel, adding further potential for expansion or development. Located in Marion, Ohio, with the address 721 W Center Street, zip code 43302, this property offers a strategic location within the city. This is a rare chance to acquire a well-prepared commercial space with significant upside potential. The existing infrastructure significantly reduces start-up costs and allows for a swift transition into operation. Don't miss this opportunity to secure a prime commercial property in a thriving Ohio market.

    Property Features for 721 Center St

    General Information

    Property type
    Specialty properties
    Square Feet
    3,470 SF

    HighLights

    • $175,000 asking price for a special purpose property.
    • 3,470 square feet building on a 16,988.4 square foot lot.
    • $50.43 price per square foot.
    • Located at 721 W Center Street, Marion, OH 43302.
    • Building is fully plumbed and wired, ready for tenant improvements.
    • Includes a second adjacent parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1452307
    Latitude
    40.588302

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    FAQs

    What type of property is this?
    Specialty property - Versatile 3,470 SF Building, $175K
    Where is this specialty property located?
    The property is located at 721 Center St Marion, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price for a special purpose property.; 3,470 square feet building on a 16,988.4 square foot lot.; $50.43 price per square foot.
    Request Owner's contact information
    721 Center St Marion, OH 43302
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    Marion, OH 43302
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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
    721 Center St Marion, OH 43302
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