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309-337 Alexis Rd

19,520 SF 100% Leased Retail Building Toledo, OH 43612 $1,800,000 ($92/SF) 9.52% Cap Rate

Storefront Properties Ohio Toledo 309-337 Alexis Rd, Toledo, OH 43612

Investment Highlights

  • 100% occupied neighborhood shopping center located on Alexis Road with traffic counts exceeding 27,000 VPD.
  • Excellent value add opportunity.
  • The center has a strong mix of longstanding tenants that provide great retail synergy within the center.

Executive Summary

100% occupied neighborhood shopping center located on Alexis Road with traffic counts exceeding 27,000 VPD. The site is located a half mile away from major retailers such as Kroger, Target, The Home Depot, Lowe’s Home Improvement, Pet Supplies Plus and more. The center has a strong mix of longstanding tenants that provide great retail synergy within the center. Excellent value add opportunity. The site provides easy access including two curb cuts and boasts excellent visibility with over 350’ of frontage on Alexis Road and three separate pylon signs. New roof installed in 2011.

Attachments

Alexis Road Shopping Center _Marketing Package_

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,520 SF
Building Class
C
Year Built
1983
Price
$1,800,000
Price Per SF
$92
Cap Rate
9.52%
NOI
$171,360
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.39 AC
Zoning
C-R - Commercial
Parking
64 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
363 FT on W. Alexis

Amenities

  • Pylon Sign
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309-337 Alexis Rd, Toledo, OH - aerial map view - Image1
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Nearby Major Retailers

WW
Kroger
Starbucks
KeyBank
Applebee's
Fifth Third Bank
PNC Bank
Citizens Bank
Golden Corral

PROPERTY TAXES

Parcel Number 22-04911 Improvements Assessment $293,090
Land Assessment $51,730 Total Assessment $344,820

PROPERTY TAXES

Parcel Number
22-04911
Land Assessment
$51,730
Improvements Assessment
$293,090
Total Assessment
$344,820
(248) 538-2000

Contacts

  • Listing ID: 31977969

  • Date on Market: 5/31/2024

  • Last Updated:

  • Address: 309-337 Alexis Rd, Toledo, OH 43612

More public record information on 309-337 Alexis Rd, Toledo, OH 43612

The Retail Property at 309-337 Alexis Rd, Toledo, OH 43612 is currently available for sale. Contact CMP Real Estate Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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309-337 Alexis Rd
(248) 538-2000 x

309-337 Alexis Rd

1/2

Andrew Roye

(248) 538-2000

(248) 538-2000

Christopher Jonna

(248) 538-2000

(248) 538-2000

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