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Neighborhood Shopping Center
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2620 Airport Highway, Toledo, OH 43609

Fully occupied neighborhood shopping center with recently renovated exterior at the Airport Highway and Westwood Avenue intersection.

Property Size8,549 SF
Days on Market143

Property Features for 2620 Airport Highway

General Information

Standard status Active
Size 8,549 SF
Property subtype Retail
Occupancy 100%

Additional Details

Cap Rate 13.5%

Building Details

Tenancy Multi
Listing Agency: Reichle | Klein Group
Listed By: Joe Belinske · License #OH 0000320016
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 2:33PM

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.

This neighborhood shopping center offers 8,549 SF and is 100% fully occupied. Public remarks indicate most tenants have been in place since 1999, reflecting long-term commitment. The exterior has been recently renovated.

The property is located at the intersection of Airport Highway and Westwood Avenue in Toledo, OH (2620 Airport Highway, Toledo, OH 43609), providing convenient access to the immediate retail area.

For buyers and brokers evaluating neighborhood retail in a stable tenancy environment, the center’s existing occupancy and maintained exterior should be considered alongside the reported in-place tenant tenure.

Key Highlights

  • 8,549 SF fully occupied neighborhood shopping center
  • 13.5% cap rate
  • Located at the intersection of Airport Highway and Westwood Avenue

Property Analytics

Current Use

Supreme Cutz Barbershop ... Barber Shop A 4 Heating Cooling ... Hardware & Home Improvement Cigarette Outlet Grocery & Convenience Store Recovery Room Bar & Pub Instant Tax Service Accounting Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Electrical Service Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
5,472 visits/mo 0.2 miles

Demographics for 43609, OH

20,519
Population
10,272
Households
2
Avg Household Size
34
Median Age
11%
College-Educated
79%
High-School Grad
4.8 sq mi
ZIP Area
4,275
Density / Sq Mi
$42,510
Median Household Income
$32,819
Median Earnings
$913
Median Rent
$58,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully occupied neighborhood shopping center with recently renovated exterior at the Airport Highway and Westwood Avenue intersection.
Where is this shopping center located?
The property is located at 2620 Airport Highway Toledo, OH.
What are key features of this property?
This property features: 8,549 SF fully occupied neighborhood shopping center; 13.5% cap rate; Located at the intersection of Airport Highway and Westwood Avenue
(419) 794-6045 Call to check price and availability
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