Re-Purpose Opportunity; Mount Vernon Residential Facility
741 Fairgrounds Road
Mount Vernon, OH 43050
- 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.
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.
Units for Lease
Price Per Sqft/Year: $3.0