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    Anchored Retail Center For Sale Title is generated by Realmo AI

    1608-1634 Maple St, Port Clinton, OH

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    Retail center anchored by Bassett’s Hardware & City Market.

    Type:RETAIL
    Property size:
    76,257 SF
    Lot size:
    10.03 Acres
    Price / SF:
    $46/SF
    Added:
    Dec 11, 2024
    Days on Market:
    549
    Last Refresh:
    May 20 at 9:27 pm

    Property Features for 1608-1634 Maple St

    General Information

    Standard status
    Active
    Size
    76,257 SF
    Lot size
    10.03 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Charlie Wood
    Charlie Wood

    Listing agent Charlie Wood

    Listing office Matthews Real Estate Investment Services | Cleveland

    Listing date Dec 11, 2024

    Source Moodyscre

    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 Matthews Real Estate Investment Services | Cleveland

    HighLights

    • Anchored by Bassett’s Hardware & City Market, Rite Aid and Anytime Fitness, providing essential services and consistent traffic.
    • Significant recent renovations with approximately $300,000 in capital improvements.
    • Tenants including Rite Aid, Anytime Fitness and Bassett’s Hardware recently signed extensions through 2030, ensuring stable long‑term income.
    • Location in Port Clinton, a popular summer vacation destination on Lake Erie.
    • Opportunity to increase yield by transitioning tenants from gross leases to NNN leases as they come due.
    • New construction by Habitat for Humanity on a BTS Out Parcel, enhancing the site's long‑term viability and attractiveness.

    Overview

    This retail asset is anchored by Bassett’s Hardware & City Market, a multi-unit local northwest Ohio staple with approximately 4 locations. The tenant mix consists of local and regional service-based businesses. Rite-Aid, Anytime Fitness, and Bassett’s Hardware & City Market attract community members for services and needs that are not easily replaced by online sales. Rite Aid provides one of the only pharmacies in the market. The property is located in a Northwest Ohio town on the shores of Lake Erie, which transforms into a busy destination for summer vacationers, increasing the population and traffic during the summer. Port Clinton is known for fishing, Lake Erie shoreline, boating, beaches, island ferries, shopping, and entertainment. The property has undergone significant renovations in the past 2 years, with close to $300,000 in capital improvements. Rite Aid, Anytime Fitness and Bassett’s Hardware and City Market make up 42.7% of the asset's gross leasable area (GLA), and all have recently signed extensions through 2030. Habitat for Humanity is under construction on a build-to-suit (BTS) outparcel, which contributes to the long-term viability of the site and provides new construction to attract potential customers.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Port Clinton Plaza Shopping Center — Port Clinton, OH 43452

    Location Insight

    • Map
    • Local Demand
    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.9213
    Latitude
    41.5098

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    FAQs

    What type of property is this?
    Shopping center - Retail center anchored by Bassett’s Hardware & City Market.
    Where is this shopping center located?
    The property is located at 1608-1634 Maple St Port Clinton, OH.
    What is the asking price?
    The asking price for this property is $3,514,000.
    What are key features of this property?
    This property features: Anchored by Bassett’s Hardware & City Market, Rite Aid and Anytime Fitness, providing essential services and consistent traffic.; Significant recent renovations with approximately $300,000 in capital improvements.; Tenants including Rite Aid, Anytime Fitness and Bassett’s Hardware recently signed extensions through 2030, ensuring stable long‑term income.
    (216) 778-9881 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Charlie Wood
    Charlie Wood
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