6
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$5,300,000
Est. payment /mo
61,250 SqFt
New
1713 Marion-Mt Gilead Road Marion, OH 43302
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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
NEARBY SCHOOL & BUSINESS
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