500 Commerce Park Blvd Northwood, OH 43619
- Bars
- 9,968 SF
- 2.00 lot acres
Current Use by Public Records
- Bars
Property Details for 500 Commerce Park Blvd
- Year built
- 2006
- Lot size
- 2.00 lot acres
- Property size
- 9,968 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- M50-812-3403-23-024.000
- APU
- M50812340323024000
Description
This exceptional investment opportunity presents a 17,136 square foot retail shopping center located at 500 Commerce Park Blvd, Northwood, Ohio 43619. The property consists of two buildings. Building 500, totaling 7,136 square feet, is fully occupied by four tenants with a triple-net lease structure, meaning tenants cover all operating expenses. Building 510 encompasses 10,000 square feet and is currently owner-occupied, offering potential for future income generation. The property boasts ample parking with 87 spaces, recently sealed and restriped for optimal functionality. Its strategic location on Commerce Park Boulevard, with frontage on Woodville Road, provides excellent visibility and accessibility. The center benefits from its proximity to I-280 and the new Enclave mixed-use development, ensuring strong potential for growth and increased foot traffic. The asking price is $1,295,000, translating to $75.57 per square foot. This presents a compelling owner-user or investment opportunity with significant cash flow potential in a thriving commercial area. The property is situated in Wood County, Ohio, offering a stable and attractive market for retail investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Wood
- State
- Ohio
- Longitude
- -83.4716
- Latitude
- 41.6061
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
