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5614-5624 Secor Rd
Toledo, OH 43623
Retail Property For Sale
Investment Highlights
- Excellent Value Add Opportunity.
- The center features a diverse mix of established tenants, creating excellent retail synergy throughout the property.
- Parking in front of building with additional parking lot behind the center.
Executive Summary
Located on Secor Road just south of W. Alexis Road and the Ohio/Michigan state line.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,440 SF
Building Class
C
Year Built
1959
Price
$911,465 CAD
Price Per SF
$107.99 CAD
Cap Rate
8.50%
NOI
$77,475 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.82 AC
Zoning
CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
20 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
203’ on Secor Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 23-56207 | Improvements Assessment | $59,000 CAD |
| Land Assessment | $42,949 CAD | Total Assessment | $101,948 CAD |
Property Taxes
Parcel Number
23-56207
Land Assessment
$42,949 CAD
Improvements Assessment
$59,000 CAD
Total Assessment
$101,948 CAD
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