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Property profile & analytics
FOR LEASE
Strip malls

6600 Sylvania Ave Sylvania, OH 43560

42,791 SF 0.69 ac lot Built 1973
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US66-1597338
Property summary
AI-generated overview

Saxon Square, a well-established landmark in Sylvania, Ohio, presents a unique opportunity for businesses seeking prime retail or office space. This two-story, 31,000 square foot strip center boasts a highly visible location at the corner of McCord Road and Sylvania Avenue, providing exceptional accessibility and exposure. With over 21,800 vehicles passing daily on Sylvania Avenue, this property offers unparalleled visibility and four convenient access points. The ground floor features a mix of established retail shops, boutiques, services, and restaurants, creating a vibrant and thriving commercial environment. Three spaces are currently available, ranging in size from 833 to 2,240 square feet, providing flexibility for various business needs. The second floor, encompassing 8,000 square feet, offers affordable and convenient office space, ideal for smaller businesses or professional services. The building includes elevators for easy access to both levels. Saxon Square's long-standing success and prime location in a high-traffic area make it an exceptional investment opportunity for businesses seeking to establish or expand their presence in the Toledo market. This landmark property offers a blend of retail and office space, ensuring a diverse and thriving tenant base.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Total area 42,791 SF
Lot 0.69 ac (29,843 SF)
Zoning code 31-B1
APN 82-29501
UPID US66-1597338
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • American Cancer Society Discount Store
  • Cherry Vision Center Ophthalmologist (Bike/Boat/Book/etc) Store
  • Ross M. Chaban, LPCC Counselor
  • Chad Szczepanski: Allstate Insurance Insurance Agency
  • Hot Head Burritos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$3.50M
Owner & transaction history
Saxon Square Investors Ltd · 14 yrs held
Saxon Square Investors Ltd
since 2012
6 recorded transactions
2023
Price N/A
2012
Price N/A
2010
Price N/A
2007
$313,340
1969
Price N/A
1969
Price N/A
Zoning & alternative use
31-B1 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.3M +24.8%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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