Re-Purpose Opportunity; Mount Vernon Residential Facility

741 Fairgrounds Road Mount Vernon, OH 43050

741 Fairgrounds Road, Mount Vernon, OH, 43050
741 Fairgrounds Road, Mount Vernon, OH, 43050
Property Type:
Other Hospitality
Last Verified:
Apr 07, 2020


  • Up to 36,000 sq. ft. Including Walk-Out Lower Level
  • Currently Built Out for Approximately 55 Bedrooms
  • Mix of Apartments, Bedroom Suites and Dorm Rooms w/ Common Baths
  • Multiple Meeting Rooms, Common Areas, Laundry and Kitchenette
  • Prominent all Brick Building Situated in a Park Like Setting
  • Adjacent to Residential Healthcare Facility Promoting over 100+ Employees


Residential facility perfect for re-purpose development. Senior living / care facility / rehabilitation/ etc. Could be converted to office. Owner will to consider participating in improvements for the right user. Pricing is "as is". Long term lease preferred but negotiable. Starting at $3.00 per sq. ft. NNN includes the building and a proportionate amount of land necessary for use. Lease concept is subject to site layout and availability. Adjacent 24,000 sq. ft. building also available which includes a commercial kitchen, cafeteria / event hall and meeting rooms / class rooms. Offering is part of a former educational campus being converted into office park and sports pavilion. Residential healthcare facility is proposed for a separate adjacent site.
Property Description:
Combination of "Jack n Jill" bath and bedroom, single bedroom with shared common baths, private bedrooms w/ private bath and 1 and 2 bedroom apartments (kitchen / living room/ bathrooms).
16 - J-n-J bedroom / bath combination (32 bedrooms)
30 - Bedrooms accessing common bath facilities
3 - Bedroom with private bath
2 - 1 Bedroom apartment
2- 2 Bedroom Apartment
1 - 2 room Managers Office w/ bath
3 - Self serve laundry
Multiple meeting rooms, lounges, study

Located on the north side of Mount Vernon, Ohio at the intersection of State Route 3 (Wooster Road) and Fairgrounds Road. The surrounding area offers a mix of commercial, single family homes, senior living, schools and recreation. Surrounding properties are being redeveloped into office, neighborhood retail and event facilities. Private residential care facility recently announced plans to occupy 42,000 sq. ft. in nearby buildings on Wooster Road.

Year Built: 1938
Building Size: 28000.0sq ft
Building Class: C
Lot Size: 4.7 acres

Units for Lease

751 Fairgrounds Road; Building # 2
Space Available: 28000 SF
Lease Type: NNN

Price Per Sqft/Year: $3.0

Map of 741 Fairgrounds Road, Mount Vernon, OH, 43050

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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