1239 Mt Vernon Ave

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1239 Mt Vernon Ave

Marion, OH 43302
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

1239 Mt Vernon Avenue is situated in a primary commercial corridor on the east side of Marion, Ohio. The neighborhood is characterized by a mix of established residential pockets and high-traffic retail centers. The property benefits from its proximity to the Ohio State University at Marion campus and the Marion Technical College, both located less than one mile away. Regional access is provided via nearby State Route 23, which connects the area to Delaware and Columbus. Local amenities include major grocers, national fast-food chains, and professional medical offices, ensuring consistent vehicular traffic along this local thoroughfare. The property is suited for general retail use, including specialty boutiques, convenience services, or small-scale showrooms. The layout and location align with the needs of service-oriented tenants such as insurance agencies, hair salons, or cellular providers seeking visibility in a stable community setting. The student population and local workforce nearby suggest potential for food and beverage operators or neighborhood-scale retail catered to daily commuters and residents. Given the surrounding demographic, the site is positioned for tenants requiring a functional footprint within an active commercial zone.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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