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    5255 Hill Ave Toledo, OH 43615

    Sponsored
    For Sale
    $695,000

    High-Yield Retail Center, 100% Occupied

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000 square foot shopping center, located at 5255 Hill Avenue in Toledo, Ohio (zip code 43615), presents a compelling investment opportunity. The property boasts a strong 10% capitalization rate and a current net operating income of $70,034. Currently operating at 100% occupancy, the center features a mix of tenants, four of which have been established at this location for over 15 years, demonstrating a commitment to the area and strong tenant loyalty. The asking price is $695,000, translating to a price per square foot of $69.50. Ample parking is available with 50 paved spaces to accommodate customers and employees. The property benefits from excellent demographics, situated within a 5-mile radius of a population of 193,156. This multi-tenant retail investment is ideal for those seeking a stable, high-performing asset in a thriving market. The property is classified as a retail shopping center investment and is situated in Lucas County. The property's location offers convenient access for customers and employees. This is a rare opportunity to acquire a well-established, fully occupied shopping center with a proven track record of success.

    Property Features for 5255 Hill Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,000 SF

    HighLights

    • High‑traffic location on Hill Avenue with excellent visibility.
    • 10,000+ square feet of versatile commercial space.
    • Zoned for a variety of uses, offering flexibility for potential tenants.
    • Ample on‑site parking available for customers and employees.
    • Strong potential for high rental income or owner‑occupancy.
    • Property is in excellent condition and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hill's Kitchen (Inside ... American Restaurant Ollie's kitchen Greek Restaurant Hill Market Grocery Store Bitstop Bitcoin ATM Crypto Atm Anglican Church Of The Pentecost ... Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6668113
    Latitude
    41.6381619

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 5255 Hill Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: High-traffic location on Hill Avenue with excellent visibility.; 10,000+ square feet of versatile commercial space.; Zoned for a variety of uses, offering flexibility for potential tenants.
    Request Owner's contact information
    5255 Hill Ave Toledo, OH 43615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5255 Hill Ave Toledo, OH 43615
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