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332 N Prospect St
Marion, OH 43302
Retail Property For Sale
Investment Highlights
- Eligible for two Ohio used-car dealer licenses
- Leased $1,400/mo modified gross through May 2027 — income in place
- ±376 SF office + ±1,281 SF canopy on ±7,800 SF concrete lot
Executive Summary
Rare turn-key used-car dealer location just north of downtown Marion. A ±376 SF office building (built 1960) plus a ±1,281 SF drive-under canopy sit on a ±7,800 SF concrete display lot (±0.19-acre parcel), configured to meet Ohio's established-place-of-business standard for a motor vehicle dealer license. Because Ohio requires only a 180 SF office and a 3,500 SF hard-surface display area per dealer, the concrete lot is large enough to support two separate display areas — making the site eligible for up to two dealer licenses. Currently leased at $1,400/month modified gross with the lease expiring May 2027, so a buyer collects income now and can occupy the site (and pursue the licenses) when the lease ends. Recent improvements include a new concrete lot (2020) and updated metal roof (2021). No water/plumbing on site — ideal for a low-overhead dealer-license office/display use. Buyer to verify zoning, permitted uses, and dealer-license eligibility with the City of Marion and the Ohio BMV.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
376 SF
Building Class
C
Year Built
1960
Price
$180,819 CAD
Price Per SF
$480.90 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.19 AC
Zoning
Commercial
Frontage
66’ on Prospect St
Property Taxes
| Parcel Number | 12-2050014.100 | Improvements Assessment | $18,119 CAD |
| Land Assessment | $6,998 CAD | Total Assessment | $25,117 CAD |
Property Taxes
Parcel Number
12-2050014.100
Land Assessment
$6,998 CAD
Improvements Assessment
$18,119 CAD
Total Assessment
$25,117 CAD
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