401 Chestnut St Marysville, OH 43040

Property Details for 401 Chestnut St

Year built

1920

Construction

BRICK

Lot size

0.88 lot acres

Property size

4,000 SF

Property type

Office Properties & Spaces

APN

29-0003046.0000

APU

2900030460000

Description

This exceptional 1.09-acre commercial property, located at 401 S Chestnut Street in the heart of Marysville, Ohio, presents a compelling investment opportunity. The property boasts a highly desirable corner lot position within the rapidly expanding Downtown Marysville area, benefiting from proximity to new residential developments. Currently occupied by a long-term commercial tenant under a triple-net (NNN) lease extending through 2029, this provides immediate and stable cash flow. The lease structure ensures the tenant is responsible for all property expenses, minimizing owner responsibilities. The property's location within an Opportunity Zone further enhances its appeal, offering potential tax advantages for qualified investors. This strategic location and the existing lease provide a solid foundation for future development, making it an ideal asset for both short-term income generation and long-term growth potential. The site's size and visibility make it suitable for a variety of commercial uses, capitalizing on the area's ongoing expansion and increased demand for commercial space. This is a rare chance to acquire a prime piece of real estate in a thriving Ohio market. The asking price is $1,200,000.

Location Insight

City

Marysville

County

Union

State

Ohio

Longitude

-83.3621

Latitude

40.2326

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments