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    1061 Coshocton Ave Mount Vernon, OH 43050

    Sponsored
    For Sale
    $1,100,000

    Restaurant/Storefront, High-Traffic Area

    Property size:
    2,028 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This mixed-use property at 1061 Coshocton Ave, Mount Vernon, OH 43050, is a prime commercial opportunity, listed at $1,100,000. The 2,028 square foot building, constructed in 1975, sits on a 1.08-acre lot and features 41 parking spaces. Previously occupied by a national check cashing business and a pizza shop, this versatile space is ideal for a restaurant or storefront. The property includes an existing exterior upblast exhaust vent and a concrete pad with electrical conduit for an outdoor freezer, along with two handicap-accessible bathrooms. Its location near McDonald's, Walmart, and Lowe's ensures high visibility and accessibility. The property is currently vacant, with the lease expiring August 31, 2028. Rent bumps are included in the lease agreement. The permitted zoning is 353. The seller is open to leasehold improvements or build-outs at the buyer's expense, offering flexibility for potential tenants or owners. This single-story building presents a unique chance to establish or expand a business in a thriving commercial area of Knox County. The APN is 66-07525.000.

    Property Features for 1061 Coshocton Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,028 SF
    Lot Size
    47,045 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    HighLights

    • $1,100,000 asking price for this 2,028 SF mixed‑use property in Mount Vernon, OH.
    • Vacant, 2,028 SF building on a 1.08‑acre lot with 41 parking spaces.
    • Located at 1061 Coshocton Ave, Mount Vernon, OH 43050, in a high‑traffic area near major retailers.
    • Features include an exterior exhaust vent, concrete pad with electrical conduit, and two ADA‑compliant restrooms.
    • Lease expiration date is 08/31/2028; rent bumps are included; broker co‑op is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.449437415151
    Latitude
    40.40187114843

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    FAQs

    What type of property is this?
    Individual retail property - Restaurant/Storefront, High-Traffic Area
    Where is this individual retail property located?
    The property is located at 1061 Coshocton Ave Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for this 2,028 SF mixed-use property in Mount Vernon, OH.; Vacant, 2,028 SF building on a 1.08-acre lot with 41 parking spaces.; Located at 1061 Coshocton Ave, Mount Vernon, OH 43050, in a high-traffic area near major retailers.
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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
    1061 Coshocton Ave Mount Vernon, OH 43050
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