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411 E Fairground St 3,000 SF Retail Building Marion, OH 43302 $550,000 ($183.33/SF) 9% Cap Rate
Executive Summary
Turnkey commercial opportunity in Marion, Ohio! This sale includes both the building and the operating business, along with all commercial equipment, fixtures, inventory-related items, and business personal property currently in the facility.
The property is set up for immediate continued use as an ice cream, pizza, and convenience-style retail operation. Features include a customer walk-up service window, exterior seating area, menu display boards, retail shelving, display coolers, commercial refrigeration, freezer units, prep/storage areas, POS/counter space, and multiple pieces of commercial food-service equipment.
The building offers strong street visibility, a recognizable storefront, paved parking, and a functional layout for food service, carryout, retail, or a similar owner-user concept. The interior has been updated with modern lighting, open retail space, and dedicated back-of-house storage/prep areas.
This is a rare chance to purchase a real estate asset and an operating business together, with the equipment already in place. Buyer to verify all financials, equipment, licenses, zoning, and intended use.
The property is set up for immediate continued use as an ice cream, pizza, and convenience-style retail operation. Features include a customer walk-up service window, exterior seating area, menu display boards, retail shelving, display coolers, commercial refrigeration, freezer units, prep/storage areas, POS/counter space, and multiple pieces of commercial food-service equipment.
The building offers strong street visibility, a recognizable storefront, paved parking, and a functional layout for food service, carryout, retail, or a similar owner-user concept. The interior has been updated with modern lighting, open retail space, and dedicated back-of-house storage/prep areas.
This is a rare chance to purchase a real estate asset and an operating business together, with the equipment already in place. Buyer to verify all financials, equipment, licenses, zoning, and intended use.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1968
Price
$550,000
Price Per SF
$183.33
Cap Rate
9%
NOI
$49,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.46 AC
Zoning
C - Commercial
Parking
15 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Cafe
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 12-1090003.000 | Improvements Assessment | $36,120 |
| Land Assessment | $10,050 | Total Assessment | $46,170 |
Property Taxes
Parcel Number
12-1090003.000
Land Assessment
$10,050
Improvements Assessment
$36,120
Total Assessment
$46,170
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411 E Fairground St