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    1081 Mount Vernon Ave Marion, OH 43302

    For Lease
    Contact for pricing

    11,000 SF, High-Traffic Location

    Lot size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,000-square-foot commercial property, formerly a Rite Aid, presents a unique opportunity for lease or sale. Situated on a 1.66-acre lot at 1081 Mount Vernon Avenue in Marion, Ohio (zip code 43302), this single-tenant space offers unparalleled visibility and accessibility. The building is located in the heart of Marion's bustling retail corridor, directly off Route 23, boasting impressive daily traffic counts exceeding 19,000 vehicles. Its strategic location places it amongst a strong roster of national retailers including Walmart, Lowe's, Kohl's, Kroger, TJ Maxx, Hobby Lobby, Meijer, and Menards, ensuring high foot traffic and brand recognition. The property is suitable for various uses, including retail, office, or restaurant establishments. The entire 11,000 square feet is currently vacant and available, offering flexibility for customization to meet specific business needs. The property's size is also divisible, allowing for potential multi-tenant occupancy. This prime location and versatile space make it an ideal investment for businesses seeking a prominent presence in a thriving retail market. Inquire today to learn more about this exceptional opportunity.

    Property Features for 1081 Mount Vernon Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,000 SF

    Unit(s) available at that property

    Space
    Size
    11,000 SF

    HighLights

    • 11,000 SF former Rite Aid, divisible space.
    • 1.66‑acre lot.
    • High‑visibility location on Mt. Vernon Ave in Marion, OH's retail corridor.
    • Convenient access off Route 23, with 19,000+ VPD.
    • Strong co‑tenancy including Walmart, Lowe's, Kohl's, Kroger, TJ Maxx, Hobby Lobby, Meijer, and Menards.
    • Available for lease or sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    higi Health Consultant Rite Aid Pharmacy Pharmacy Dennis A. Boerger, RPH Pharmacy Luke Henry, RPh Pharmacy CDReload - Online Bitcoin ... Crypto Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1011828
    Latitude
    40.5801995

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    FAQs

    What type of property is this?
    Restaurant - 11,000 SF, High-Traffic Location
    Where is this restaurant located?
    The property is located at 1081 Mount Vernon Ave Marion, OH.
    What are key features of this property?
    This property features: 11,000 SF former Rite Aid, divisible space.; 1.66-acre lot.; High-visibility location on Mt. Vernon Ave in Marion, OH's retail corridor.
    Request Owner's contact information
    1081 Mount Vernon Ave 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
    1081 Mount Vernon Ave Marion, OH 43302
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