Retail Space / Ohio / Marion / 43302 / 1680 Marion-Mt Gilead Road

1680 Marion-Mt Gilead Road

Marion, OH 43302

Listing ID: 237628

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$4,000,000

For Sale

Property Type Retail for Sale : Shopping Center
Lot Size Acres 9.630
Building Sq Ft 83,066
Building Price per Sq Ft $48.15
Land Sq Ft 419,482
Land Price per Sq Ft $9.54

1680 Marion-Mt Gilead Road | for Sale | Thumbnail 2

1680 Marion-Mt Gilead Road | for Sale | Thumbnail 3

Description

The Gilbert Group is pleased to present a fantastic opportunity to own 100% fee simple interest in The Marion SAB Shopping Center, a multi-tenant retail center located in Marion, Ohio. The subject property is an 83,066 square foot power center located on the north side of Marion-Mt. Gilead Rd., just west of the intersection with State Route 23. Marion-Mt. Gilead Rd. (State Route 95) is the main retail corridor servicing Marion, Ohio. The shopping center is currently 100% occupied, with national co-tenants including T.J. Maxx, Office Depot and Rent-A-Center. The center offers upside by way of increasing below market rents, as well as development of excess land (self storage). This is a rare opportunity to acquire a stabilized power center priced below replacement cost.

Attachments & Files

offeringmemoranduml-1-gy8-cSy.pdf

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Listing Demographics for 1680 Marion-Mt Gilead Road Marion, OH 43302

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		3,049	30,726	48,552
Population Median Age		44	40	40
Population by Age	0-9 Yrs	303 (9%)	3752 (12%)	5489 (11%)
	10-19 Yrs	359 (11%)	3841 (12%)	5726 (11%)
	20-29 Yrs	296 (9%)	4166 (13%)	6729 (13%)
	30-39 Yrs	319 (10%)	3988 (12%)	6746 (13%)
	40-49 Yrs	379 (12%)	3620 (11%)	6096 (12%)
	50-59 Yrs	416 (13%)	4014 (13%)	6629 (13%)
	60-69 Yrs	404 (13%)	3690 (12%)	5779 (11%)
	70+ Yrs	573 (18%)	3654 (11%)	5358 (11%)

Median HH Income		$53,989	$43,001	$42,429
Total Household Income	< 24K	312 (21%)	3697 (29%)	5257 (29%)
	25-49K	359 (25%)	3344 (26%)	4978 (27%)
	50-74K	325 (22%)	2448 (19%)	3385 (18%)
	75-99K	163 (11%)	1466 (11%)	2029 (11%)
	100-199K	223 (15%)	1376 (10%)	2084 (11%)
	200K+	42 (2%)	220 (1%)	376 (2%)

Highest Education Level	No Diploma	239	2654	4725
	Diploma or GED	755	8714	14907
	Some College	507	5043	8071
	Assoc. Degree	195	1652	2423
	Bachelors Degree	326	1882	2597
	Higher Degree	194	1112	1459

Total Housing Units		1,502	14,237	20,445
--Owner-Occupied		842	6,899	10,769
--Renter-Occupied		582	5,653	7,342
Owner-Occupied Values	< 100K	232	4009	6406
	100-199K	490	2297	3249
	200-299K	109	479	788
	300-399K	9	69	207
	400-499K	2	14	50
	500K+	0	30	68

Total Working Age Population		2,539	24,492	39,310
In Work Force		1,505	14,029	20,233
Not In Work Force		1,035	10,463	19,077
Workforce Employed		1,423	12,919	18,592
Workforce Unemployed		79	1,094	1,608
Civlian Workforce		1,502	14,013	20,200
Military Workforce		3	16	33

Total Households		1,424	12,552	18,111
Family Households		740	7,246	10,979
Non-Family Households		684	5,306	7,132
Married Couple		597	5,004	7,569
Other Family		143	2,242	3,410
Married w/Child		176	1,788	2,652
Single Male w/Child		2	271	384
Single Female w/Child		79	1,019	1,522

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Marion County	66,217	0	66,501	-4	63,840	-2	62,400
Morrow County	31,628	+10	34,827	0	34,870	-1	34,540

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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