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Property profile & analytics
OFF-MARKET Estimated value $3,570,000
Strip malls

130 Mcmahan Blvd 142 Marion, OH 43302-5654

1.4 ac lot Built 2006
Entity Owned 6-yr Hold Free & Clear
Property ID
US66-3104955
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction CONCRETE BLOCKS
Lot 1.4 ac (61,158 SF)
APN 20-011000.5202
UPID US66-3104955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.57M
Owner & transaction history
Kent Master Investment LLC · 6 yrs held
Kent Master Investment LLC
since 2020
Last sale
$3.6M
2 recorded transactions
2020
$3.6M
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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