1138 Independence Ave Marion, OH 43302
- Office Properties & Spaces
- 0.86 lot acres
Current Use by Public Records
- Dr. Ronald Dorbish / Neurosurgeon
- Crowell Robert R MD / Orthopedic Surgeon
- Robert Raymond Crowell, MD / Orthopedic Surgeon / Surgeon
- Yeshwant Patlolla Reddy, MD / Pain Management Physician
- Alex Perchuk, MD / Neurologist
Property Details for 1138 Independence Ave
- Year built
- 1989
- Construction
- BRICK
- Lot size
- 0.86 lot acres
- Property type
- Office Properties & Spaces
- APN
- 12-341010.1202
- APU
- 123410101202
Description
This exceptional 3,146 square foot medical office building presents a compelling investment opportunity in a prime Marion, Ohio location. Situated in close proximity to Marion General Hospital and US Route 23, this property benefits from high visibility and convenient access for patients and staff. The building is part of a fully occupied medical complex, ensuring a stable and consistent income stream. The property boasts ample parking, a significant advantage in a high-traffic medical area. The building itself is well-maintained, minimizing immediate capital expenditure needs for the new owner. Given its location within an established medical complex and its proximity to a major hospital and highway, this property is ideally suited for continued operation as a medical office building, offering a strong return on investment. The building's current occupancy status within a 100% occupied complex further enhances its appeal to investors seeking a low-risk, high-reward opportunity. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving medical market. The property is classified as general commercial and is offered at $420,000. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $265,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $295,000
- Mixed-Use
- $260,000
- Hospitality
- $275,000
- Educational
- $255,000
- Residential Income
- $240,000
- Energy
- $270,000
- Income-Based Land
- $225,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.1282
- Latitude
- 40.5693
- CBSA code
- 32020
- CBSA name
- MARION, OH MICROPOLITAN STATISTICAL AREA