401 Chestnut StMarysville, OH 43040

For Sale
$1,200,000

1.09 Acres, Excellent Location, NNN Lease

Overview

Added:
Feb 3
Days on market:
38
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.

Property Details for 401 Chestnut St

Property type
Other commercial real estate
Year Built
1920
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Marysville
County
Union
State
Ohio
Latitude
40.23279
Longitude
-83.36211
401 Chestnut St, Marysville, Ohio

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401 Chestnut St
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