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$ 5,300,000
Est. payment /mo
Active
1713 Marion-Mt Gilead Road Marion, OH 43302
61,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Shopping Center
Listing Status Active
Purchase Type For Sale
Square Footage 61,250 sqft
Price per Sqft $86
MLS Listing ID 226026082
Year Built 1989
Property Sub-Type Shopping Center
Source Columbus and Central Ohio Regional MLS
Property Description
Mallard Square is a +/-61,250 SF multi-tenant retail & office shopping center on +/-6.94 acres fronting State Route 95 (Marion-Mt. Gilead Rd), the busiest retail corridor in Marion with 30,000+ vehicles per day. Anchored by Habitat for Humanity and home to 20+ tenants including OhioHealth, State Farm, T-Mobile and Jet's Pizza, the center produces diversified in-place income with an 8.56% cap rate at the asking price, plus value-add upside from vacant suites and below-market rents. Directly across from The Ohio State University-Marion and Marion Technical College (4,200 students), with immediate access to U.S. 23 and co-tenancy alongside Walmart, Kohl's, Lowe's, Meijer and Menards. B-2 Community Business District zoning supports a broad range of retail, office, medical and service uses.
Location
State OH
County Marion
Zoning B-2 Community Business Di
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 200110009900
Listed by Fisal Ikhmayes Di Lusso Real Estate