1713 Marion-Mt Gilead Rd - Storefront Retail/Office FOR SALE


Marion, OH 43302
$5,300,000 USD
614-900-1000
1713 Marion-Mt Gilead Rd, Marion, OH for Sale
$5,300,000 USD
Storefront Retail/Office - FOR SALE
1/28
null | 8.56% Cap Rate

1713 Marion-Mt Gilead Rd
Marion, OH 43302


HIGHLIGHTS

  • 8.56% cap on ±$453,600 in-place NOI
  • ±61,250 SF multi-tenant retail & office center on ±6.94 AC
  • Frontage on State Route 95 — 30,000+ vehicles/day
  • Anchored by Habitat for Humanity through 2029
  • Across from OSU–Marion & Marion Tech (4,200 students)

OVERVIEW

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 of approximately $558,375 with an 8.56% cap rate at the $5,300,000 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.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

8.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MALLARD SQUARE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

6.94 AC

LAND SF

302,306 SF

ZONING

B-2

APN/PARCEL ID

20-0110009.900

ASK ABOUT THIS PROPERTY

Fisal IkhmayesDi Lusso Real EstateMore Info
614-900-1000

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Fisal IkhmayesDi Lusso Real EstateMore Info
614-900-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.