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    1480 Wellness Dr Marion, OH 43302

    Sponsored
    For Sale
    $2,600,000

    33.4 Acres, C2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33.4-acre commercial property in Marion, Ohio, presents a remarkable investment opportunity. Located at 1480 Wellness Drive, this four-parcel site boasts a highly desirable C2 zoning classification, offering a wide range of development possibilities. The property's substantial 1,454,904 square foot lot size provides ample space for various commercial ventures. Its strategic location at a corner lot with a traffic light ensures high visibility and accessibility, maximizing exposure to potential customers. The property's proximity to the Social Security building and the YMCA further enhances its appeal and potential for attracting a diverse clientele. Annual property taxes are approximately $3,647. Significant infrastructure improvements have already been undertaken, including some sewer, water, and electric utility work. The availability of Tax Increment Financing (TIF) money may provide additional financial incentives for qualified projects. This prime location, combined with the existing infrastructure and zoning, makes this property an ideal candidate for a variety of commercial developments. Interested parties should conduct their own due diligence regarding TIF availability and specific utility details. The asking price for this exceptional property is $2,600,000.

    Property Features for 1480 Wellness Dr

    General Information

    Property type
    Multifamily properties

    HighLights

    • 33.4‑acre commercial land in Marion, Ohio, offering significant development potential.
    • Four‑parcel site with C2 zoning, totaling 1,454,904 square feet.
    • Corner lot with traffic signal ensuring high visibility and accessibility.
    • Located near the Social Security building and YMCA.
    • Annual property taxes are approximately $3,647.
    • Partial utility infrastructure (sewer, water, electric) already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.110454
    Latitude
    40.562534

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    FAQs

    What type of property is this?
    Multifamily property - 33.4 Acres, C2 Zoning, High Visibility
    Where is this multifamily property located?
    The property is located at 1480 Wellness Dr Marion, OH.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 33.4-acre commercial land in Marion, Ohio, offering significant development potential.; Four-parcel site with C2 zoning, totaling 1,454,904 square feet.; Corner lot with traffic signal ensuring high visibility and accessibility.
    Request Owner's contact information
    1480 Wellness Dr 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
    1480 Wellness Dr Marion, OH 43302
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