5255 Hill Ave Toledo, OH 43615
- Strip malls
- 10,000 SF
- 0.99 lot acres
Current Use by Public Records
- Hill's Kitchen (Inside Hill Market) / American Restaurant
- Ollie's kitchen / Greek Restaurant
- Hill Market / Grocery Store
- Bitstop Bitcoin ATM / Crypto Atm / Atm
- Anglican Church Of The Pentecost ACOP Toledo Ohio / Church
Property Details for 5255 Hill Ave
- Year built
- 1977
- Lot size
- 0.99 lot acres
- Property size
- 10,000 SF
- Zone code
- 10-CR
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 13-21807
- APU
- 1321807
Description
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.
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
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6668
- Latitude
- 41.6382
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
