332 N Prospect Street

Description

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. New concrete lot (2020) and updated metal roof (2021). No water or plumbing on site. Buyer to verify zoning, permitted uses, and dealer-license eligibility with the City of Marion and the Ohio BMV.