5532 Douglas Rd - Storefront Retail/Office FOR SALE


Toledo, OH 43613- Whitmer-Trilby
$330,000 USD
419-377-0797
5532 Douglas Rd, Toledo, OH for Sale
$330,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 12.14% Cap Rate

5532 Douglas Rd
Toledo, OH 43613
Whitmer-Trilby


HIGHLIGHTS

  • Fully leased mixed-use property with two long-term NNN tenants.
  • Recent upgrades include new flooring, flat roof, HVAC system, and water heater.
  • Excellent visibility and accessibility with extended curb cut along Douglas Road.
  • Zoned for multiple commercial uses with Special Use Permits in place.

OVERVIEW

5532 Douglas Road presents a fully leased mixed-use investment opportunity in Toledo, Ohio. The property spans 3,588 square feet and is situated on a 0.15-acre parcel with convenient access to major thoroughfares, including W. Alexis Road and Douglas Road. Zoned Duplex Residence with Special Use Permits, the building accommodates a variety of commercial uses, enhancing its long-term investment appeal. The two-story structure features a first-floor commercial unit and a second-floor apartment, both occupied by Milestones Development Center under five-year NNN leases with renewal options. Recent capital improvements include new flooring, a flat roof, updated HVAC system, and water heater, reducing near-term maintenance risk. With a sale price of $330,000, the property offers a strong in-place income stream, generating a net operating income of $40,056 and a cap rate of 12.14%. Positioned just a quarter mile south of W. Alexis Road, the site benefits from excellent visibility, extended curb cut access, and traffic counts exceeding 10,000 vehicles per day on Douglas Road. This asset provides investors with stable cash flow and minimal landlord responsibilities in a growing Toledo submarket.

FOR SALE DETAILS

PRICE

$330,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

12.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RD6

APN/PARCEL ID

23-20351

ASK ABOUT THIS PROPERTY

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

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

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

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