Shopping Community
Richland Mall | Mansfield, OH
2209 Richland Mall, Mansfield, OH 44906
Listing Price: $3,875,000
Cap Rate
10.40%
Gross SF
427,461
Rentable SF
427,461
Price/Gross SF
$9.07
Lot Size
19.62 acres
Year Built
1969
Investment Overview
Marcus & Millichap is pleased to bring to market Richland Mall located in Mansfield, OH.
Richland Mall | Mansfield, OH
Investment Highlights
- 39.85% Occupied Regional Mall With Huge Redevelopment Upside
- 427,461 Total SF | 69 Total Tenant Spaces | +/- 19.62 Acres
- Avita Health Spent $70M+ to Redevelop the Former Sears & Lazarus Space into Avita Ontario Hospital. The Hospital is Attached to the Main Mall Building, Avita Acquired that Real Estate (Not Included)
- Situated Near Multiple National Tenants Such as Walmart, Kohl's, Wendy's, Olive Garden, Burlington, Arby's, Lowe's, Hobby Lobby, Sam's Club, Menard's, Target, Best Buy, Cinemark, Big Lots and More
- High Visibility in a Dense Retail and Residential Corridor, Near US-30 (36,500+ VPD)
- Strong Demographics: Population of 81,800+ Within 7-Miles | 21,200+ Households Within 3 Miles
- 1 Hour From Both Cleveland and Columbus | Mansfield is the County Seat of Richland County | The Mansfield-Bucyrus Combined Area has a Population of 219,000+ Residents
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
Listing Price: $3,875,000
Cap Rate
10.40%
Gross SF
427,461
Rentable SF
427,461
Price/Gross SF
$9.07
Lot Size
19.62 acres
Year Built
1969
Investment Highlights
- 39.85% Occupied Regional Mall With Huge Redevelopment Upside
- 427,461 Total SF | 69 Total Tenant Spaces | +/- 19.62 Acres
- Avita Health Spent $70M+ to Redevelop the Former Sears & Lazarus Space into Avita Ontario Hospital. The Hospital is Attached to the Main Mall Building, Avita Acquired that Real Estate (Not Included)
- Situated Near Multiple National Tenants Such as Walmart, Kohl's, Wendy's, Olive Garden, Burlington, Arby's, Lowe's, Hobby Lobby, Sam's Club, Menard's, Target, Best Buy, Cinemark, Big Lots and More
- High Visibility in a Dense Retail and Residential Corridor, Near US-30 (36,500+ VPD)
- Strong Demographics: Population of 81,800+ Within 7-Miles | 21,200+ Households Within 3 Miles
- 1 Hour From Both Cleveland and Columbus | Mansfield is the County Seat of Richland County | The Mansfield-Bucyrus Combined Area has a Population of 219,000+ Residents
Investment Overview
Marcus & Millichap is pleased to bring to market Richland Mall located in Mansfield, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Senior Vice President / Division Manager
Financing By
