0 Lot D Upper Gilchrist Rd Mount Vernon, OH 43050
This exceptional 0 sq ft lot, identified as Lot D on Upper Gilchrist Road in Mount Vernon, Ohio (zip code 43050), presents a unique investment opportunity. Currently zoned General Business, this property is ideally situated just off State Route 36, positioning it within a zone of anticipated future growth. The asking price is $298,750. Please note that the lot size is currently listed as 0 sq ft, and this is subject to change pending subdivision approval from the City of Mount Vernon and the Regional Planning Commission, if deemed necessary. Detailed permitted uses and conditional uses for the General Business zoning are available in supplementary documentation. This location offers excellent visibility and accessibility, making it suitable for a variety of commercial ventures. Prospective buyers are encouraged to review the associated documents outlining permitted uses and the subdivision process before making an offer. The property's coordinates are 40.409402 latitude and -82.436706 longitude. This is a chance to acquire land in a developing area with high potential for future appreciation.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.