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Marion Centre Redevelopment 1509 Marion-Waldo Rd 415,274 SF 92% Leased Retail Building Marion, OH 43302 $4,000,000 ($9.63/SF)

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INVESTMENT HIGHLIGHTS

  • 17% Occupied Regional Mall | 415,274-SF on a +/-35.9 Acre Lot | Mix of National and Local Tenants Including Dollar Tree & 7 Screen Movie Theater
  • B-2 Community Business District Zoning Allows for a Wide Range of Planned Development Shopping Centers, General Retail, Grocery, Motel, Office, & More
  • Near Multiple National Tenants Such as McDonald’s, Kroger, Tractor Supply, Walgreens, Wendy’s, Taco Bell, Verizon, Speedway, Family Dollar and More
  • Development Opportunity With Four Additional Out-Parcels | High Visibility With Multiple Points of Ingress and Egress Near a Signalized Intersection
  • Former Sears Anchor Box Sold in 2021 and Repositioned as Marion Self Storage – 80% Occupied Today
  • 1 Mile From OhioHealth Marion General Hospital( 250 Bed Hospital Serving the Marion Area) & 1 Mile From OhioHealth Marion Outpatient Medical Campus

EXECUTIVE SUMMARY

415,274-SF Regional Mall | +/-35.9 Acre Lot | Development Opportunity With Four Additional Out-Parcels

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
415,274 SF
Building Class
B
Year Built/Renovated
1969/1998
Price
$4,000,000
Price Per SF
$9.63
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
35.90 AC
Zoning
Commercial - Commercial
Parking
3,062 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
1,474’ on Marion Waldo Rd

AMENITIES

  • Restaurant
  • Signage
  • Kiosk/Cart Space
  • Enclosed Mall

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Dollar Tree is a U.S.-based discount variety retailer headquartered in Chesapeake, Virginia. The company traces its origins to 1953, with its modern Dollar Tree format established in 1986 under the name Only $1.00. It adopted the Dollar Tree name in 1991 and has since expanded across the United States and Canada. Dollar Tree operates retail stores that sell a broad assortment of consumable goods, household products, seasonal merchandise, party supplies, and basic grocery items at fixed or limited price points. The company became publicly traded in 1995 and is listed on the NASDAQ under the ticker symbol DLTR. Over time, Dollar Tree has pursued growth through store expansion and strategic acquisitions, establishing itself as a major value-oriented retailer within the consumer defensive sector. The company reports financial results through public filings and maintains centralized oversight of real estate strategy, store development, and lease administration through its corporate offices.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 20,000 SF
  • Retail
  • In-Line
  • Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 10,000 SF
  • Retail
  • In-Line
  • Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 2,500 SF
  • Retail
  • In-Line
  • Now

$2,000/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1st Floor
  • 1,500 SF
  • Retail
  • In-Line
  • Now

$1,500/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1475
  • 75,673 SF
  • Retail
  • In-Line
  • 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

  • 1525
  • 100,566 SF
  • Retail
  • In-Line
  • 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

Space Size Space Use Position Available
1st Floor 20,000 SF Retail In-Line Now
1st Floor 10,000 SF Retail In-Line Now
1st Floor 2,500 SF Retail In-Line Now
1st Floor 1,500 SF Retail In-Line Now
1475 75,673 SF Retail In-Line 30 Days
1525 100,566 SF Retail In-Line 30 Days

1st Floor

Size
20,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
10,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
2,500 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
1,500 SF
Space Use
Retail
Position
In-Line
Available
Now

1475

Size
75,673 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1525

Size
100,566 SF
Space Use
Retail
Position
In-Line
Available
30 Days

1st Floor

Size 20,000 SF
Space Use Retail
Position In-Line
Available Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 10,000 SF
Space Use Retail
Position In-Line
Available Now

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 2,500 SF
Space Use Retail
Position In-Line
Available Now

$2,000/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1st Floor

Size 1,500 SF
Space Use Retail
Position In-Line
Available Now

$1,500/Month Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1475

Size 75,673 SF
Space Use Retail
Position In-Line
Available 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

1525

Size 100,566 SF
Space Use Retail
Position In-Line
Available 30 Days

Marion Centre Mall with Sears and Elder-Beerman as anchors have various spaces available for lease. Spaces available from 300 square feet to 100,000 square feet. Marion Centre Mall located at 1509 Marion Waldo Road, only enclosed mall within 40 miles, call for more details.

NEARBY MAJOR RETAILERS

Starbucks
Kroger
Park National Bank
The YMCA
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-0100011.800
Land Assessment
$334,110
Improvements Assessment
$111,490
Total Assessment
$445,600
  • Listing ID: 37620118

  • Date on Market: 9/10/2025

  • Last Updated:

  • Address: 1509 Marion-Waldo Rd, Marion, OH 43302

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