This exceptional 6.548-acre parcel, located at 0 E Barks Road in Marion, Ohio, presents a remarkable opportunity for multifamily development. The property boasts a substantial 285,318 square feet of land, already approved for apartment or condominium construction, allowing for up to seven units per acre. This translates to significant potential density and a high return on investment. The site benefits from convenient access to city sewer and water lines, simplifying infrastructure connections and reducing development costs. Situated in Marion County, Ohio, with a zip code of 43302, this location offers a strategic advantage for developers seeking to capitalize on the growing demand for housing in the area. The property's flat topography simplifies construction and minimizes site preparation expenses. The asking price for this exceptional development opportunity is $385,000. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to acquire a prime piece of land perfectly positioned for a lucrative multifamily project. Act quickly, as opportunities like this are rare.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.