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    OFF-MARKET Estimated value $1,620,000
    Strip malls

    1650 Coshocton Ave, Mount Vernon, OH 43050-1547

    9,870 SF 1.6 ac lot Built 2005
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US66-3054044
    Property summary
    AI-generated overview

    This exceptional retail and office center, constructed in 2005, presents a fantastic opportunity in Mount Vernon, Ohio. Located at 1650 Coshocton Ave, 43050, this property boasts a highly visible hilltop location offering beautiful views of the city. The building, totaling 9,870 square feet, sits on a 1.6-acre lot and features ample parking with 70 spaces. The available suite comprises 1,131 square feet, representing one of six total suites within the building. The minimum divisible space is also 1,131 square feet, making it ideal for a single tenant. Enjoy easy full access and excellent signage opportunities. This location benefits from high visibility and proximity to a variety of amenities, including a newly constructed Petco store, shopping centers, restaurants, hotels, theaters, universities, and other essential services. The lease rate is $16.99 per square foot, NNN, with estimated NNN expenses of approximately $4.50 per square foot. This property is classified as a traditional office space within a mixed-use building. Don't miss this chance to secure a prominent space in a thriving community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2005
    Total area 9,870 SF
    Lot 1.6 ac (69,696 SF)
    APN 66-09825.000
    UPID US66-3054044
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.62M
    Owner & transaction history
    Mt Vernon View LLC · 21 yrs held
    Mt Vernon View LLC
    since 2005
    2 recorded transactions
    2005
    $200,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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