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500-510 Commerce Park Blvd
Northwood, OH 43619
 Retail Property For Sale

Retail Buildings Ohio Northwood 500-510 Commerce Park Blvd, Northwood, OH 43619

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INVESTMENT HIGHLIGHTS

  • Located on Commerce Park Blvd. with frontage on Woodville Rd.
  • Just east of I-280 and west of the new Enclave mixed-use development on the former 120-acre Woodville Mall.

EXECUTIVE SUMMARY

Excellent Owner/User Investment Opportunity - Cash Flow. 2 commercial retail buildings: Building 500 is 7,136 SF with 4 tenants 100% occupied - Tenants reimburse for all operating expenses. Building 510 is 10,000 SF currently occupied by owner - Available. Ample parking with 87 parking spaces and recently sealed and stripped.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,136 SF
Building Class
B
Year Built
2005
Price
$1,295,000
Price Per SF
$75.57
Cap Rate
9.70%
NOI
$125,615
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.00 AC
Zoning
Commercial
Parking
102 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
187’ on Commerce Park

PROPERTY TAXES

Parcel Number M50-812-340323024000 Improvements Assessment $134,260
Land Assessment $76,230 Total Assessment $210,490

PROPERTY TAXES

Parcel Number
M50-812-340323024000
Land Assessment
$76,230
Improvements Assessment
$134,260
Total Assessment
$210,490
 

  • Listing ID: 32317527

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: 500-510 Commerce Park Blvd, Northwood, OH 43619

More public record information on 500-510 Commerce Park Blvd, Northwood, OH 43619

The Retail Property at 500-510 Commerce Park Blvd, Northwood, OH 43619 is currently available for Sale. Contact Reichle | Klein Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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