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12-Unit Retail Center
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5440 Westerville Rd, Westerville, OH 43081

Multi-tenant shopping center with monument signage, dedicated parking, and access from Westerville Road.

Property Size22,300 SF
Lot Size3.80 Acres
Days on Market141

Property Features for 5440 Westerville Rd

General Information

Standard status Active
Size 22,300 SF
Lot size 3.80 Acres
Property subtype Retail

Additional Details

Road Access Yes

Amenities

monument signage

Building Details

Year Built 1976
Tenancy Multi
Listing Agency: Alterra Real Estate Advisors
Listed By: Bradford Kitchen · License #390306
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 9:51AM

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 Alterra Real Estate Advisors

Investment Insights

Based on property information with market context.

This shopping center contains 22,300 SF across 12 retail units ranging from 1,100 SF to 4,700 SF. The center was built in 1976 and includes over 100 dedicated parking spaces, monument signage, primary access, and secondary egress on Westerville Road.

The property sits adjacent to Iron Pony Motorsports, a 100,000+ SF property that is not included in the sale. An AutoZone location is positioned in front of the center and is also excluded. The site is approximately 1/4 mile north of SR 161, with reported average daily traffic counts exceeding 20,000 in front of the property.

Key Highlights

  • 22,300 SF shopping center on 3.8 acres
  • 12 retail units ranging from 1,100 SF to 4,700 SF
  • Over 100 dedicated parking spaces

Property Analytics

Current Use

Tina Braids Salon Hair Salon

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop Kitchen & Bath Showroom Electrical Service HVAC Service

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

328
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 63% Shops & Services 32% Beauty & Spa 5%
McDonald's Dining
19,352 visits/mo 0.1 miles
BP Shops & Services
9,987 visits/mo 0.1 miles
Cosmoprof Beauty & Spa
1,438 visits/mo 0.0 miles

Demographics for 43081, OH

64,338
Population
28,457
Households
2.3
Avg Household Size
37
Median Age
54%
College-Educated
98%
High-School Grad
25.1 sq mi
ZIP Area
2,563
Density / Sq Mi
$90,336
Median Household Income
$55,015
Median Earnings
$1,434
Median Rent
$297,300
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 - Multi-tenant shopping center with monument signage, dedicated parking, and access from Westerville Road.
Where is this shopping center located?
The property is located at 5440 Westerville Rd Westerville, OH.
What are key features of this property?
This property features: 22,300 SF shopping center on 3.8 acres; 12 retail units ranging from 1,100 SF to 4,700 SF; Over 100 dedicated parking spaces
More about this property
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