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1713 Marion-Mt Gilead Rd
Marion, OH 43302
MALLARD SQUARE · Retail Property For Sale
Investment Highlights
- 8.56% cap on ±$453,600 in-place NOI
- Frontage on State Route 95 — 30,000+ vehicles/day
- Across from OSU–Marion & Marion Tech (4,200 students)
- ±61,250 SF multi-tenant retail & office center on ±6.94 AC
- Anchored by Habitat for Humanity through 2029
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
56,054 SF
Building Class
C
Year Built
1989
Price
$7,500,030 CAD
Price Per SF
$133.80 CAD
Cap Rate
8.56%
NOI
$641,954 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.94 AC
Zoning
B-2 - Commercial
Parking
400 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
489’ on Marion-Mt Gilead Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 20-0110009.900 | Improvements Assessment | $1,123,137 CAD |
| Land Assessment | $267,949 CAD | Total Assessment | $1,391,086 CAD |
Property Taxes
Parcel Number
20-0110009.900
Land Assessment
$267,949 CAD
Improvements Assessment
$1,123,137 CAD
Total Assessment
$1,391,086 CAD
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