This exceptional 6.548-acre parcel in Marion, Ohio, presents a remarkable opportunity for residential development. Located on Barks Rd W, in Marion County, with a 43302 zip code, this property boasts city sewer and water access, eliminating significant infrastructure hurdles. The land has already received approval for multi-family residential construction, allowing for up to seven units per acre, offering substantial potential for a high-density development. The expansive lot size provides ample space for a variety of residential projects, from apartment complexes to condominium developments. This prime location in Marion offers convenient access to local amenities and services, making it an attractive proposition for both residents and investors. The asking price is $385,000, representing a compelling investment opportunity given the approved zoning and existing infrastructure. Detailed site plans and development approvals are available upon request. This is a rare chance to acquire a large, ready-to-develop residential lot in a desirable Ohio location. Don't miss this chance to build your next successful project. Coordinates: 40.5636986, -83.1326593.
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
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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.