506 Leader St Marion, OH 43302-2228
This exceptional commercial property, located at 506 Leader Street in Marion, Ohio, offers a substantial 10,993 square feet of versatile space. Ideal for a variety of businesses, this general commercial building presents a significant opportunity for growth and expansion. Situated on a lot with no acreage, the property's footprint is entirely dedicated to the building itself, maximizing usable space. The asking price is $199,900, representing a compelling value for the substantial square footage offered. The property's location in Marion provides easy access to local amenities and transportation routes, making it a convenient and attractive location for businesses and their employees. The absence of any additional land allows for focused development and utilization of the existing structure. This presents a unique opportunity for a business seeking a ready-to-occupy space without the added responsibility of land maintenance. The building's size and layout offer considerable flexibility for customization and adaptation to suit a wide range of commercial needs. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering in the thriving Marion, Ohio market. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a substantial commercial space at an attractive price point in a desirable location.
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.