2825 Progress Way Wilmington, OH 45177-7710
- Outlet malls
- 201,738 SF
- 24.07 lot acres
Mar 22, 2021
Current Use by Public Records
- Primo Water Refill & Exchange / Big Box & Wholesale Store
- Western Union / Bank / Credit Union
- Megan Sargent / Pharmacy
- Guobin Jiang / Pharmacy
- Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
Property Details for 2825 Progress Way
- Year built
- 2002
- Lot size
- 24.07 lot acres
- Property size
- 201,738 SF
- Property type
- Outlet malls
- APN
- 290-18-05-01-0000-00
- APU
- 290180501000000
Description
Wilmington Square I offers a unique investment opportunity in Clinton County. This mixed-use retail center boasts a total of 220,822 square feet, situated on 24.13 acres of land. The property, built in 2003, is a single-story building featuring a powerful mix of national and local tenants. A significant anchor tenant, a 203,622 square foot Wal-Mart Super Center, drives substantial foot traffic to the center. Additional national tenants include Maurice's, GameStop, Subway, and LA Tan, occupying a combined 17,200 square feet of prime retail space. A separate 10,700 square foot outparcel building houses several service and restaurant businesses. Currently, there is 5,200 square feet of vacant space available, including one 1,700 square foot unit, presenting an excellent opportunity for expansion or new tenancy. The strategic location at the corner of State Route 73 and US Routes 22/3 ensures high visibility and accessibility, making Wilmington Square I the dominant retail destination in Clinton County. This property offers a compelling combination of established tenants, high traffic volume, and significant growth potential. The available space presents a chance to capitalize on the strong existing tenant mix and the overall success of this well-established retail center.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,366,000
- AI Estimate
- $13,917,000
Market price range: $5.77M - $24.2MMarket price range: $7.79M - $30.3M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $16,115,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $13,915,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- Clinton
- State
- Ohio
- Longitude
- -83.7793
- Latitude
- 39.4529
- CBSA code
- 48940
- CBSA name
- WILMINGTON, OH MICROPOLITAN STATISTICAL AREA