130 Mcmahan BlvdMarion, OH 43302

Property Details for 130 Mcmahan Blvd

Year built

2006

Construction

CONCRETE BLOCKS

Lot size

1.40 AC

Property type

Retail properties

Property subtype

Strip malls

APN

20-011000.5202

APU

200110005202

Description

This exceptional investment opportunity presents the Shoppes at Legacy Crossing, a 11,273 square foot, single-story shopping center in Marion, Ohio. Built in 2006, this property boasts a 100% occupancy rate with seven tenants, including a Starbucks anchor. Located at the hard corner of McMahan Boulevard and Marion-Mt. Gilead Road, this center benefits from high visibility and accessibility, situated just off US-23. The property sits on a 1.4-acre lot with 52 parking spaces and is zoned B-2 Community Business District. The strong tenant mix includes national brands, many of whom have occupied the space since its construction. All leases include provisions for tenant reimbursement of pro-rata operating expenses, contributing to a strong net operating income (NOI) of $302,854. The property's strategic location within Marion's primary retail corridor, near major employers and universities, ensures consistent traffic and revenue generation. This core investment opportunity is priced at $4,495,000, translating to $398.74 per square foot. The property's outparcel position to a dominant power center further enhances its appeal and market position.

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.582

Longitude

-83.0822

CBSA code

32020

CBSA name

MARION, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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