Apartment and Retail Income
For Sale
Contact for pricing
1116 W Sylvania Avenue, Toledo, OH 43612
Portfolio income with renovated Pizza Hut, furniture and salon retail leases, plus apartment units generating stated annual rents.
Property SizeContact for details
Days on Market135
Property Features for 1116 W Sylvania Avenue
General Information
Standard status
Active
Property subtype
Multifamily, Retail
Financials
Cap Rate
10.5%
Business Included
Yes
Building Details
Year Renovated
2021
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Peter Shawaker · License #OH 0000341752
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 14 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reichle | Klein Group
Investment Insights
Based on property information with market context.
The package includes multiple leased retail and residential buildings. A 1,714 SF Pizza Hut was renovated in 2021 and is leased for $16,824 per year at 1116 W. Sylvania Avenue. A 13,581 SF Glass City Furniture space generates $31,200 per year gross, plus snow and electric, at the same address. A 1,500 SF hair salon is leased for $12,000 per year at 1116 W. Sylvania Avenue, plus electric and gas.
Also included is a 21,269 SF building with six second-floor apartments at 1106 W. Sylvania Avenue, leased for $27,900 per year. The portfolio further includes a 2,700 SF two-story, two duplex building at 1043 Mallett, leased for $16,800 per year plus electric and OAS.
Overall, the listed performance totals an average of $52,000 NOI on $104,724 gross, with a stated 10.5% cap rate.
Also included is a 21,269 SF building with six second-floor apartments at 1106 W. Sylvania Avenue, leased for $27,900 per year. The portfolio further includes a 2,700 SF two-story, two duplex building at 1043 Mallett, leased for $16,800 per year plus electric and OAS.
Overall, the listed performance totals an average of $52,000 NOI on $104,724 gross, with a stated 10.5% cap rate.
Key Highlights
- Portfolio includes multiple leased properties: Pizza Hut (1,714 SF), Glass City Furniture (13,581 SF), and a Hair Salon (1,500 SF)
- Pizza Hut renovated in 2021; leased at $16,824/yr (1116 W Sylvania)
- Glass City Furniture lease is $31,200/yr gross (plus snow & electric) (1116 W Sylvania)
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 43612, OH
29,718
Population
13,409
Households
2.2
Avg Household Size
35
Median Age
13%
College-Educated
90%
High-School Grad
11.5 sq mi
ZIP Area
2,584
Density / Sq Mi
$50,484
Median Household Income
$33,770
Median Earnings
$976
Median Rent
$89,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio income with renovated Pizza Hut, furniture and salon retail leases, plus apartment units generating stated annual rents.
Where is this apartment building located?
The property is located at 1116 W Sylvania Avenue Toledo, OH.
What are key features of this property?
This property features: Portfolio includes multiple leased properties: Pizza Hut (1,714 SF), Glass City Furniture (13,581 SF), and a Hair Salon (1,500 SF); Pizza Hut renovated in 2021; leased at $16,824/yr (1116 W Sylvania); Glass City Furniture lease is $31,200/yr gross (plus snow & electric) (1116 W Sylvania)
