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5614-5624 Secor Rd
Toledo, OH 43623
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent Value Add Opportunity.
- The center features a diverse mix of established tenants, creating excellent retail synergy throughout the property.
- Parking in front of building with additional parking lot behind the center.
EXECUTIVE SUMMARY
Located on Secor Road just south of W. Alexis Road and the Ohio/Michigan state line.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,440 SF
Building Class
C
Year Built
1959
Price
$655,872
Price Per SF
$77.71
Cap Rate
8.50%
NOI
$55,749
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.82 AC
Zoning
CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
20 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
203’ on Secor Rd
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 23-56207 | Improvements Assessment | $42,455 |
| Land Assessment | $30,905 | Total Assessment | $73,360 |
PROPERTY TAXES
Parcel Number
23-56207
Land Assessment
$30,905
Improvements Assessment
$42,455
Total Assessment
$73,360
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