5033 Monroe St - Retail FOR SALE


Toledo, OH 43623- Franklin Park
$2,750,000 USD
419-377-0797
5033 Monroe St, Toledo, OH for Sale
$2,750,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

5033 Monroe St
Toledo, OH 43623
Franklin Park


HIGHLIGHTS

  • Building features a mezzanine, currently used for storage
  • Ample parking with 115 paved parking spots
  • VPD's Talmadge - 16,517( 2 5 ), Monroe S t -27,438( 25 ), W Sylvania Ave - 1 8,910 ( 25 ), I-475 - 78,027 ( 25 )

OVERVIEW

22,009 SF fully leased retail building for sale, adjacent to the Franklin Park Mall, which is anchored by Dillard's, JCPenney, and Dick's Sporting Goods, drawing more than 7 million visitors annually. Ideally located along the highly trafficked Monroe Street retail corridor, with two curb cuts along Talmadge Rd and access via recorded easement to a curb cut on Monroe St. Situated less than one-half mile north of the I-475 interchange, providing convenient access to regional traffic. The mixed zoning parcel including Regional Commercial and Limited Industrial permits numerous uses. Currently leased to Petco, a national credit tenant, through April 30, 2027, prospective buyer can negotiate renewal with Petco. Tenant net expense available upon request Excellent visibility with pylon and fascia signage, and combined 250 ft of frontage along Talmadge Rd and Monroe St Rear loading dock providing efficient deliveries and operational functionality.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

155

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,142 SF

ZONING

10-MX, CR, and IL

APN/PARCEL ID

23-27153

ASK ABOUT THIS PROPERTY

Rami SebaiSVN | Ascension Commercial RealtyMore Info
419-377-0797

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Rami SebaiSVN | Ascension Commercial RealtyMore Info
419-377-0797

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.