5834 Monroe St - Storefront FOR SALE


Sylvania, OH 43560
$6,250,000 USD
419-931-0709
5834 Monroe St, Sylvania, OH for Sale
$6,250,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

5834 Monroe St
Sylvania, OH 43560


HIGHLIGHTS

  • Cross Access Parking and Access Easements
  • 0.25 Miles from US 23
  • ALEXIS ROAD - 22,585 Cars Per Day
  • MONROE STREET - 18,438 Cars Per Day

OVERVIEW

For Sale - New to Market; 30+ Years with the Same Ownership with Immediate Upside Potential! This 33,600 SF Vacancy. Redevelop for Approximately 2.25 Acres at Signalized Intersection, or Lease Vacancy in Existing Condition. Recapture Seven Existing Tenants' NNN Contributions to Reflect Current NNN Rates within the Center. Approximately $100,000 Worth of Electrical Upgrades to the Former Rite Aid, to a 600 AMP 480/277 volt, 3 Phase Panel and a 400 AMP 120/208 Volt 3 Phase Panel. Long Term Tenants in Place and Strong Rent Roll. 0.50 Acre Value Add Out Lot, with Ample Parking, two Signalized Intersections; Major Intersection of Monroe Street & Alexis Road and Two Pylon Signs.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sylvania Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

528

LAND DETAILS

LAND ACRES

9.97 AC

LAND SF

434,501 SF

ZONING

B-4

APN/PARCEL ID

82-04454

ASK ABOUT THIS PROPERTY

Jennifer DunsmorePrime Retail AdvisorsMore Info
419-931-0709

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Jennifer DunsmorePrime Retail AdvisorsMore Info
419-931-0709

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