401 Chestnut StMarysville, OH 43040

For Sale
$1,200,000

12,000 SF Warehouse, NNN Lease, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 12,000-square-foot warehouse situated on a 1.09-acre corner lot at 401 Chestnut St, Marysville, OH 43040. The property, boasting a 100% occupancy rate, features a long-term (through 2029) triple-net (NNN) lease with a single tenant. Built in 1920, this two-story warehouse is zoned NCD (Neighborhood Commercial District) and offers significant potential for future development. The asking price is $1,200,000, representing a compelling $100 per square foot and a 6.67% cap rate. Located in a rapidly growing downtown area, this property benefits from its proximity to new residential developments, Eljer Park, and Memorial Hospital. The site's location within an Opportunity Zone presents additional tax advantages for qualified investors. Parcel numbers are 2900030460000, 2900030450000, and 2900030490000. This is a rare chance to acquire a well-located, income-producing asset with substantial upside potential in a thriving Ohio market.

Highlights

  • Triple Net (NNN) investment opportunity.
  • High potential for future development.
  • 12,000 square feet building on a 1.09-acre lot.
  • Excellent corner lot location.
  • Located in an Opportunity Zone.

Property Details for 401 Chestnut St

Property type
Other warehouses, Other industrial properties
Square Feet
12,000 SF
Year Built
1920
Stories
2
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Marysville
County
Union
State
Ohio
Latitude
40.2328627
Longitude
-83.3621087
401 Chestnut St, Marysville, Ohio

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401 Chestnut St
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