1253 Mt Vernon Ave

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1253 Mt Vernon Ave

Marion, OH 43302
Asking Price
$2.17M
Asset Type
Retail
Class
Class B

What's Special

1253 Mt Vernon Avenue is situated along a primary commercial corridor in Marion, Ohio, offering high visibility and direct access to local traffic. The surrounding neighborhood features a mix of established residential pockets and commercial activity, characteristically serving as a central hub for the eastern side of the city. Nearby amenities include various fast-food dining options, grocery stores, and local service providers. The property is positioned for easy regional connectivity via State Route 95 and is located less than two miles from the Ohio State University at Marion campus and Marion Technical College. The property is well-suited for a variety of general retail applications or professional service offices. Ideal use cases include boutique shops, specialized showrooms, or medical-related storefronts that benefit from high street frontage. The typical tenant profile for this location consists of local entrepreneurs, franchise operators, or regional service providers looking to capitalize on the steady commuter flow and the proximity to the nearby student population. The building's layout offers flexibility for businesses requiring a blend of customer-facing floor space and back-of-house administrative or storage areas.

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NOI
$80,000
Cap Rate
3.69%
DSCR
0.62
Underwater
Cash-on-Cash
-7.48%
Monthly Payment
$10,719.486
Annual Cash Flow
$-48,633.834

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