6363 Monroe St Sylvania, OH 43560
- Lifestyle centers
- 23,098 SF
- 1.75 lot acres
Current Use by Public Records
- Spoke Life Cycles (Sylvania) / Bicycle Shop / Bicycle Repair Shop
- Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
- Dumpster Rentals of Sylvania / Corporate Office
Property Details for 6363 Monroe St
- Year built
- 1991
- Lot size
- 1.75 lot acres
- Property size
- 23,098 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 23,098-square-foot shopping center in Sylvania, Ohio, presents a compelling investment opportunity. Boasting 100% occupancy across nine diverse tenants, including national and local brands like Little Caesars, Jimmy John's, and American Family Insurance, this stabilized property generates a substantial net operating income (NOI) of $183,205. Built in 1991 and renovated in 2019, the two-story center sits on a 1.747-acre lot with ample parking (45 spaces) and excellent visibility on Monroe Street, a major commercial thoroughfare. Located just two blocks from Historic Downtown Sylvania and SOMO Flats, and less than half a mile from a Kroger Marketplace and the US 23/I-475 intersection, the property benefits from high traffic counts (Monroe St. VPD: 20,722
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sylvania
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6976
- Latitude
- 41.7154
