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401 S Chestnut Ave 401 S Chestnut St

12,000 SF Industrial Building Marysville, OH 43040 $1,200,000 ($100/SF)

Investment Highlights

  • Excellent Development Opportunity in Marysville
  • Opportunity Zone
  • Great location with new residential development nearby
  • 12,000 +/- SF Industrial/Warehouse Building on 1.09 +/- ac
  • Long term commercial tenant in place

Executive Summary

1.09 +/- ac corner site available. Excellent opportunity for future development in fast growing Downtown Marysville area. Long term commercial tenant in place with a 5 year NNN lease back through 2029. Great location with new residential development nearby and walking distance to Eljer Park and Memorial Hospital. Situated in an opportunity zone, this site offers potential user opportunity zone tax benefit options.

Property Facts

Price $1,200,000
Price Per SF $100
Sale Type Investment NNN
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.09 AC
Rentable Building Area 12,000 SF
No. Stories 2
Year Built 1920
Tenancy Single
Parking Ratio 1.67/1,000 SF
Clear Ceiling Height 14 FT 6 IN
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes

Amenities

  • Fenced Lot
  • Yard
  • Air Conditioning

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-0003046-0000
  • 29-0003045-0000
  • 29-0003049-0000
Land Assessment
$27,930
Improvements Assessment
$63,070
Total Assessment
$91,000

zoning

Zoning Code NCD (Neighborhood Commercial District)
NCD (Neighborhood Commercial District)
  • Listing ID: 32579824

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 401 S Chestnut St, Marysville, OH 43040

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