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    University Dr Marion, OH 43302

    Sponsored
    For Sale
    $2,798,000

    Ohio farmland, multiple uses, B-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 9.53-acre property located at 0 University Drive, Marion, Ohio (APN 200110005606), presents a unique investment opportunity. Zoned B-2 (Community Business District), this versatile land offers a multitude of potential uses. The property consists of multiple parcels, allowing for flexible development and potential subdivision. A compelling aspect is the varied pricing structure: outlots are priced at $500,000 per acre, while the back acreage is available at $250,000 per acre. This strategic pricing allows for tailored acquisitions based on individual needs and investment strategies. The advantageous location directly across from The Ohio State University at Marion and Marion Technical College provides significant potential for synergy and development opportunities. The property's 43302 zip code and Marion County location offer easy access to local amenities and transportation networks. This is an exceptional opportunity to acquire a sizable parcel of land in a high-growth area with flexible zoning and attractive pricing. The asking price for the entire 9.53-acre property is $2,798,000. Serious inquiries are encouraged.

    Property Features for 0 University Dr

    General Information

    Property type
    Farms
    Lot Size
    415,127 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.0919645
    Latitude
    40.5829869

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    FAQs

    What type of property is this?
    Farm - Ohio farmland, multiple uses, B-2 zoning.
    Where is this farm located?
    The property is located at University Dr Marion, OH.
    What is the asking price?
    The asking price for this property is $2,798,000.
    Request Owner's contact information
    University Dr 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
    University Dr Marion, OH 43302
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