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5255 Hill Ave Toledo, OH 43615

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For Sale
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High-Yield Retail Center, 100% Occupied

Property size:
10,000 SF

Property Features for 5255 Hill Ave

General Information

Property type
Lifestyle centers
Square Feet
10,000 SF

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Listing Contact
Joe Belinske
Joe Belinske

Listing Agency: Reichle | Klein Group Listing Agent: Joe Belinske

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

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.
(419) 794-6045 Call to check price and availability
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