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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.

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

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Shopping Community

Richland Mall | Mansfield, OH

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

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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