0 Lot C Upper Gilchrist Rd Mount Vernon, OH 43050
This exceptional 49,222.8 square foot lot, located at Lot C Upper Gilchrist Road in Mount Vernon, Ohio (zip code 43050), presents a unique investment opportunity. Currently zoned General Business, the property offers significant potential for various commercial ventures. Detailed permitted uses and conditional uses are available in the associated documentation. The land is situated conveniently off State Route 36, benefiting from excellent visibility and accessibility. This strategic location places the property within a zone of anticipated future development, promising strong potential for appreciation. Please note that any subdivision of the lot will be subject to approval from the City of Mount Vernon and the Regional Planning Commission, as required. The asking price for this remarkable property is $282,500. Coordinates for the property are latitude 40.409402 and longitude -82.436706. Serious inquiries are encouraged to review the associated documents outlining permitted uses and the subdivision process. This is a rare chance to acquire a substantial commercial lot in a rapidly growing area.
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
Similar Nearby for Lease
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.