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5255 Hill Ave
Toledo, OH 43615
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupancy.
- Commitment to the area with 4 of the 6 tenants being at this location for 15+ years.
EXECUTIVE SUMMARY
Shopping Center Investment Opportunity with 100% occupancy. Commitment to the area with 4 of the 6 tenants being at this location for 15+ years. Actual Net Operating Income: $70,207- Cap Rate: 9.7%. Ample Parking with 50 paved spaces. Excellent Demographics with a population of 193,156 within a 5-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1977
Price
$695,000
Price Per SF
$69.50
Cap Rate
10.10%
NOI
$70,207
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.98 AC
Zoning
10CR, Toledo - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
50 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 13-21807 | Improvements Assessment | $134,330 |
| Land Assessment | $9,450 | Total Assessment | $143,780 |
PROPERTY TAXES
Parcel Number
13-21807
Land Assessment
$9,450
Improvements Assessment
$134,330
Total Assessment
$143,780
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