1 Riley St Mount Vernon, OH 43050-4208

This exceptional mixed-use property at 1 and 3 Riley Street in Mount Vernon, Ohio, presents a unique investment opportunity. The property, situated on a corner lot spanning 11,325.6 square feet (.2574 acres), boasts high visibility in a desirable South Mount Vernon location. The main commercial building offers over 1,456 square feet of space, ideal for a variety of businesses. Zoned General Business, this building provides ample room for operations and potential expansion. In addition to the commercial space, the property includes a charming small ranch home featuring one bedroom, one bathroom, a living room, dining area, and kitchen. This residential component offers potential rental income, adding to the overall investment value. Built in 1900, the property is priced competitively at $165,000, with a price per square foot of $85.23 based on the 1,456 square feet of commercial space. The total net rentable square footage is 1,936 square feet, offering further potential for income generation. This property is a rare find, combining commercial and residential uses in a prime location, making it an attractive proposition for savvy investors seeking a blend of income streams and potential for growth. The property's location in Mount Vernon, Ohio, and its General Business zoning provide a solid foundation for long-term success.