Property profile

246 1/ Front Marietta, OH 45750

OFF-MARKET
Apartment buildings
0.02 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses two buildings at 246 and 248 Front Street, Marietta, Ohio, situated on a 0.02-acre lot in the heart of the city's vibrant downtown commercial district. The property boasts a rich history and currently houses a mix of successful businesses and luxury apartments. Tenants include Congressman Johnson and Sugar Maples, along with two high-end residential units. The strategic location offers unparalleled exposure, surrounded by a thriving ecosystem of upscale restaurants, coffee shops, retail establishments, and entertainment venues. This high-demand area ensures strong rental income and significant potential for future appreciation. The property includes convenient alleyway parking with seven designated spaces, a valuable asset in a bustling downtown setting. This is a rare chance to acquire a well-established, income-generating commercial property in a prime Marietta location. The buildings are in excellent condition and offer immediate returns for the discerning investor. This is a turnkey opportunity, ready for immediate ownership and management. The property's strong tenant base and desirable location make it an exceptionally attractive investment. The asking price is $990,000.

Property profile

Verified
Property type Apartment buildings
Year built 2007
Lot 0.02 ac (871 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

246 1/ Front Marietta, OH 45750
Marietta metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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