Marcus & Millichap, on behalf of ownership as its exclusive
advisor, is pleased to bring to market 60 acres of land in
Marion, OH, hereinafter referred to as “Marion Land Offering.”
The subject property consists of six adjacent parcels of land
totaling 60.376 acres per the Marion County Auditor, which is
approximately 2,630,000 square feet. At its deepest and widest
points, the parcel is approximately 2,600 feet deep (north to
south) by 1,100 feet wide (east to west), providing very workable
dimensions for future large-scale development if desired. The
property is currently mostly zoned R-1A (low density residential),
with one parcel zoned O-I-A (office, institutional, apartments).
The current land use is mostly vacant agricultural land.
The bulk of the acreage is contained in two large parcels measuring
approximately 37.6 acres and 17.3 acres, respectively, both of
which are currently cleared and graded vacant farm land. The
parcels run parallel to U.S. Route 23, with the 17.3-acre parcel
having approximately 1,400 feet of frontage directly along U.S.
Route 23. In addition to the two large parcels, there is a 4.2-acre
parcel on the southern end of the tract that is partially improved
with two steel buildings totaling approximately 40,000 square feet
and a large asphalt parking lot. The buildings are currently vacant
and are included in the sale with the prospective purchaser able
to demolish, occupy, or lease the buildings at their discretion.
Lastly, there are three smaller parcels totaling approximately
1.2 acres included in the offering which are currently improved
with two single-family homes. These parcels connect the large
main tract of land with Pole Lane Road, providing one to two
additional access points to the property to complement the
existing entrance/exit drive off of Pole Lane Road which is 300
feet north of the Marion-Mount Gilead Road intersection.
