Property profile

1295 Mount Vernon Ave Marion, OH 43302

FOR SALE
Strip malls
Property ID
US66-0798286
1.1 ac lot Built 1987
Entity Owned 1-yr Hold Free & Clear
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For Sale
Contact for pricing
1295 Mount Vernon Ave, Marion, OH 43302
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Property summary

AI-generated overview

This exceptional turnkey smoke shop business opportunity is located at 1295 Mt. Vernon Avenue in Marion, Ohio, 43302. Boasting a prime location on State Route 95, this established business enjoys high visibility and consistent traffic, resulting in impressive monthly sales averaging between $30,000 and $35,000. The business has cultivated a loyal customer base and strong community reputation over its four-year history. The asking price for this profitable venture is $75,000. The sale includes approximately $105,000 worth of inventory (as of August 1st, 2024), encompassing a diverse range of products such as vapes, tobacco products, pipes, hookahs, cigars, CBD products, and clothing. The current lease agreement is $1800 per month for a 1,700 square foot space situated on a 47,916 square foot lot. This is a fantastic opportunity for an entrepreneur seeking an immediately operational business with a proven track record and significant earning potential. The business is offered as a complete turnkey operation, ready for a new owner to step in and continue its success. Note that this sale is for the business only

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE BLOCKS
Lot 1.1 ac (47,785 SF)
APN 16-012060.0100
UPID US66-0798286

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Grocery & Convenience Store
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

1295 Mount Vernon Ave Marion, OH 43302
Marion metro Census 1000 MARION, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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