751 Fairgrounds Road, Mount Vernon, OH 43050

$3,100,000
Property Type: Commercial Lease Square Footage: 104,000 Lot Size (sq. ft.): 204,732 Status: Closed
Current Price: $3,100,000 List Date: 2/17/2022 Last Modified: 2/21/2025

Overview

Description

Former education campus re-purposed into wellness, medical and sports complex. Ideal for Residential Health Facility. Existing sports complex known as The Pavilion occupies a 32,000 sq. ft. gymnasium, existing tenant in 9000 sq. ft. warehouse facility, and existing home health tenant occupies 3200 sq. ft. free standing building. Remaining buildings include a 24000 sq. ft. mixed use building (consisting of approx, 4000 sq. ft. commercial kitchen, 8000 sq. ft. assembly hall and 12,000 sq. ft. walk out level build to suit shell) and a 36,000 sq. ft. residential facility (former girls dormitory) ideal for multiple uses. A total of approximately 104,000 sq. ft. situated on over 13 acres. Taxes are estimated via Knox County Auditor. All information must be confirmed and is for marketing purposes

Listing Details MLS# 222004489

Location Property Info

Original List Price
3200000
Property Sub Type
Mixed Use
Street #
751
Street Name
Fairgrounds
Street Suffix
Road
County
Knox
State
OH
Zip Code
43050
Township
Morris

OfficeContract Info

MLS Entry Date
2022-02-17

General Property Info

Total SqFt Available
104000
Bldg Sq Ft
104000
Max Cont Sqft Avail
36000
Minimum Sqft Avail
3800
# of Docks
Yes
Number of Units
5
# of Floors Above Gr
Yes
Acreage
4.7

Tax Info

Parcel #
54-50018.000
Zoning
GB
Mult Parcels/Sch Dis
Yes
Addl Parcel Numbers
54-50018.000 and 54-50018.003
Tax Year
2021
Tax Abatement
No
Taxes (Yrly)
19935

Status Change Info

Under Contract Date
2022-06-02
Sold Date
2022-06-24
Sold Price/SqFt
29.81

Lease Info

Term Desired
3-5 years
Will LL Remodel
Yes

More Information

Suite Info 1

Suite #
Kitchen

Suite Info 2

Suite #
Assembly

Suite Info 3

Suite #
Offfice

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
30.77
City (Mailing Addr)
Mount Vernon
Corp LimitPerAuditor
None

Office/Contract Info

For Sale
Yes
Exchange
No
For Lease
Yes
Lease Rate $/Sq Ft
12

Remarks & Misc

Property Description
Former education campus re-purposed into wellness, medical and sports complex. Ideal for Residential Health Facility. Existing sports complex known as The Pavilion occupies a 32,000 sq. ft. gymnasium, existing tenant in 9000 sq. ft. warehouse facility, and existing home health tenant occupies 3200 sq. ft. free standing building. Remaining buildings include a 24000 sq. ft. mixed use building (consisting of approx, 4000 sq. ft. commercial kitchen, 8000 sq. ft. assembly hall and 12,000 sq. ft. walk out level build to suit shell) and a 36,000 sq. ft. residential facility (former girls dormitory) ideal for multiple uses. A total of approximately 104,000 sq. ft. situated on over 13 acres. Taxes are estimated via Knox County Auditor. All information must be confirmed and is for marketing purposes

Income/Expenses

Gross Income
0
Net Operating Income
0
Total Expenses
0

Addl Acceptance Cond

None Known
Yes

T Reimburses L

Curr Yr Est $/SF TRL
0

Construction

Block
Yes

Heat Fuel

Electric
Yes
Gas
Yes

Sewer

Public Sewer
Yes

Services Available

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Heat Type

Forced Air
Yes
Radiant
Yes

Sprinkler

None
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known Heat Fuel: Electric; Gas Heat Type: Forced Air; Radiant Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available Construction: Block Sprinkler: None MLS Primary PhotoSrc: Realtor Provided
Listing Office: KW Classic Properties Realty
Listing Agent: Douglas J Ryan
Last Updated: February - 21 - 2025
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