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    1716 Marion-Waldo Rd Marion, OH 43302

    Sponsored
    For Sale
    $89,900

    1.43-acre lot, $89,900, high-potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.43-acre commercial lot, located at 1716 Marion-Waldo Road in Marion, Ohio (zip code 43302), presents a remarkable investment opportunity for discerning business owners and investors. The property boasts a substantial 62,290.8 square feet of land, ideally situated on the south end of Marion, conveniently accessible from State Route 423. Zoned C-2 General Commercial District by Pleasant Township, this versatile lot allows for a wide array of permitted uses. Potential developments include, but are not limited to, storage units, medical offices (such as doctor's offices or physical therapy clinics), various professional services, daycare facilities, administrative or business offices, institutional buildings, hotels, retail establishments, and repair services. The asking price is $89,900, making this a compelling proposition for those seeking to establish a new business or expand existing operations in a prime location. The property's size and zoning flexibility offer significant potential for future growth and profitability. Don't miss this chance to transform your vision into a thriving commercial enterprise.

    Property Features for 1716 Marion-Waldo Rd

    General Information

    Property type
    Office Properties & Spaces

    HighLights

    • 1.43‑acre commercial lot in Marion, OH (43302), located at 1716 Marion‑Waldo Road.
    • 62,290.8 square feet of land, conveniently located off State Route 423 in south Marion.
    • C‑2 General Commercial zoning allows for diverse uses including storage, medical, professional services, daycare, and retail.
    • $89,900 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.115144
    Latitude
    40.556427

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    FAQs

    What type of property is this?
    Office Property / Space - 1.43-acre lot, $89,900, high-potential
    Where is this office property / space located?
    The property is located at 1716 Marion-Waldo Rd Marion, OH.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: 1.43-acre commercial lot in Marion, OH (43302), located at 1716 Marion-Waldo Road.; 62,290.8 square feet of land, conveniently located off State Route 423 in south Marion.; C-2 General Commercial zoning allows for diverse uses including storage, medical, professional services, daycare, and retail.
    Request Owner's contact information
    1716 Marion-Waldo Rd 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
    1716 Marion-Waldo Rd Marion, OH 43302
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