20000 Sycamore Rd Mount Vernon, OH 43050

Property Details for 20000 Sycamore Rd

Year built

2007

Property size

45,840 SF

Property type

Commercial real estate

Description

This exceptional retail investment opportunity presents a substantial 45,840-square-foot property located at 20000 Sycamore Road, Mount Vernon, Ohio, 43050. The property, classified as Class B, boasts four single-story buildings constructed in 2007 and sits on a generous 543,193.2-square-foot lot. Currently operating at 90% occupancy, this asset offers a compelling return on investment with an asking price of $1,650,000, translating to $12 per square foot. The property is zoned for agricultural use (agri) and features a three-phase electrical service, including a dedicated generator building. While the previous business operated as a broiler chicken farm, the versatile space presents significant potential for various retail applications. The property's sealed construction and biosafety protocols, implemented by the previous tenant, highlight its adaptability and potential for diverse uses. The sale includes the real property and allows for a 1031 exchange. This presents a unique opportunity for investors seeking a high-occupancy, established property with significant upside potential in a growing market. The property's substantial size and strategic location in Knox County, Ohio, make it an attractive investment for discerning buyers.