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    Lot C Upper Gilchrist Rd Mount Vernon, OH 43050

    Sponsored
    For Sale
    $282,500

    Prime Knox County commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 49,222.8 square foot lot, located at Lot C Upper Gilchrist Road in Mount Vernon, Ohio (zip code 43050), presents a unique investment opportunity. Currently zoned General Business, the property offers significant potential for various commercial ventures. Detailed permitted uses and conditional uses are available in the associated documentation. The land is situated conveniently off State Route 36, benefiting from excellent visibility and accessibility. This strategic location places the property within a zone of anticipated future development, promising strong potential for appreciation. Please note that any subdivision of the lot will be subject to approval from the City of Mount Vernon and the Regional Planning Commission, as required. The asking price for this remarkable property is $282,500. Coordinates for the property are latitude 40.409402 and longitude -82.436706. Serious inquiries are encouraged to review the associated documents outlining permitted uses and the subdivision process. This is a rare chance to acquire a substantial commercial lot in a rapidly growing area.

    Property Features for 0 Lot C Upper Gilchrist Rd

    General Information

    Property type
    Specialty properties

    HighLights

    • 49,222.8 sq ft lot in Mount Vernon, OH (43050).
    • General Business zoning, ideal for various commercial uses.
    • Excellent visibility and accessibility off State Route 36.
    • Located in an area of anticipated future development.
    • $282,500 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.436706
    Latitude
    40.409402

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    FAQs

    What type of property is this?
    Specialty property - Prime Knox County commercial lot, ideal for development.
    Where is this specialty property located?
    The property is located at Lot C Upper Gilchrist Rd Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $282,500.
    What are key features of this property?
    This property features: 49,222.8 sq ft lot in Mount Vernon, OH (43050).; General Business zoning, ideal for various commercial uses.; Excellent visibility and accessibility off State Route 36.
    Request Owner's contact information
    Lot C Upper Gilchrist Rd Mount Vernon, OH 43050
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    Mount Vernon, OH 43050
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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
    Lot C Upper Gilchrist Rd Mount Vernon, OH 43050
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