331 N Lexington Springmill Rd Mansfield, OH
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Retail property shadow-anchored by high-performing Walmart Supercenter.
Type:RETAIL
Property size:
1,800 SFLot size:
0.01 AcresPrice / SF:
$3,217/SF- Added:
- May 2, 2025
- Days on Market:
- 362
- Last Refresh:
- Apr 5 at 8:58 pm
Property Features for 331 N Lexington Springmill Rd
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.01 Acres
- Property subtype
- RETAIL
Properties For Sale
at 331 N Lexington Springmill Rd Contact us
Listing agent Matthew Cooper (614) 802-2900
Listing office Equity - Corporate (614) 802-2900
Listing date May 2, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Equity - Corporate
Overview
Retail Center Near Walmart Supercenter
This retail property is shadow-anchored by a high-performing Walmart Supercenter, attracting approximately 2.6 million annual customers. The property currently has 23% vacancy. The three largest tenants, Dollar Tree, Cato, and Hong Kong Buffet, occupy 41% of the center and have been tenants for over 20 years. The property is located on Lexington-Springmill Rd, near millions of square feet of retail space, including Home Depot, Kohl's and Burlington shopping center, Ontario Center shopping mall, Hobby Lobby, Lowe's, Sam's Club, Menards, and Target. Manufacturing is the largest industry by employment in Mansfield, with approximately 3,500 workers. Key employers include Gorman-Rupp (undergoing a $52.2M expansion), Ohio Valley Manufacturing (auto and defense parts), and Rable Machine. Healthcare is the second-largest sector, led by OhioHealth, the county's largest employer with over 2,500 employees, along with Third Street Family Health Services.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping centers
Location Insight
- Map
- Local Demand
- City
- Mansfield
- County
- Richland
- State
- Ohio
- Longitude
- -82.5898
- Latitude
- 40.7503
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail property shadow-anchored by high-performing Walmart Supercenter.
Where is this shopping center located?
The property is located at 331 N Lexington Springmill Rd Mansfield, OH.
What is the asking price?
The asking price for this property is $5,791,000.
What are key features of this property?
This property features: Shadow‑anchored by a high‑performing Walmart Supercenter.; Potential for a nearly 10% cap rate post‑stabilization.; Long‑term tenants: Dollar Tree, Cato, and Hong Kong Buffet have occupied the center for 20+ years.
