2855 Progress WayWilmington, OH 45177

Property Details for 2855 Progress Way

Year built

2004

Lot size

1.26 AC

Property size (Sq ft)

10,680 SF

Property type

Retail properties

Property subtype

Strip malls

APN

290-18-05-09-0002-00

APU

290180509000200

Description

Wilmington Square II offers a unique opportunity to lease retail space within a thriving shopping center. This single-story, 10,700 square foot building, constructed in 2004, is strategically located at the corner of State Route 73 and US Routes 22/3, benefiting from high visibility and significant traffic flow. The property boasts a strong tenant mix, anchored by a substantial 203,622 square foot Wal-Mart Super Center. Additional national retail tenants include well-known brands such as Maurice's, GameStop, Subway, and LA Tan, creating a powerful draw for consumers. This established center serves as the dominant retail destination for all of Clinton County, ensuring consistent customer traffic and high visibility for potential tenants. Currently, one retail space of 1,800 square feet is available, ideal for a variety of businesses seeking a prime location within a successful retail environment. The property's location and established tenant base provide a strong foundation for growth and success. The building's single-story design offers convenient access and ample parking for customers. This is an exceptional opportunity to establish or expand your business in a high-traffic, high-demand retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,481,380

  6.5%

  $2,290,505

  7%

  $2,126,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,929

  Geo Method

  $529,929

• Alternative Use

  Use

  Valuation

  Residential

  $1,932,127

  Hospitality

  $1,769,818

  Educational

  $1,472,468

  Medical

  $1,523,108

  Retail

  $2,290,505

Location Insight

City

Wilmington

County

Clinton

State

Ohio

Latitude

39.451

Longitude

-83.781

CBSA code

48940

CBSA name

WILMINGTON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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