332 Main StMarion, OH 43302

Property Details for 332 Main St

Year built

2006

Construction

BRICK

Lot size

2.31 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

12-403000.0500

APU

124030000500

Description

This exceptional 14,564-square-foot freestanding retail building, formerly a Rite Aid, presents a unique investment opportunity in Marion, Ohio. Located at 332 S Main St, 43302, this single-tenant property enjoys a highly visible corner location at the southeast intersection of S Main Street and Columbia Street, just south of the downtown area. Its strategic position benefits from proximity to Marion County agencies located just north of the site, ensuring consistent traffic flow. The property features three convenient access points, providing easy ingress and egress from two signalized intersections, maximizing accessibility for customers and employees. High visibility is guaranteed with two prominent, freestanding pylon signs, ensuring this property is easily identifiable to drivers throughout downtown Marion. The entire building is currently vacant, offering a blank canvas for a wide range of retail uses. The property's size and location make it ideal for a variety of businesses seeking a high-traffic, easily accessible location in a thriving county seat. This is a rare opportunity to acquire a substantial retail space in a desirable location with excellent visibility and accessibility. The property is situated in Marion County, Ohio, offering a strong foundation for business growth and success. The building's previous use as a pharmacy and dollar store suggests its suitability for similar retail ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $21,872,322

  6.5%

  $20,189,836

  7%

  $18,747,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,719,170

  Geo Method

  $23,719,170

• Alternative Use

  Use

  Valuation

  Residential

  $17,030,882

  Hospitality

  $15,600,196

  Educational

  $12,979,180

  Medical

  $13,425,554

  Retail

  $20,189,836

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5842

Longitude

-83.1278

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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