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Sylvania Marketplace 5834 Monroe St 98,711 SF 66% Leased Retail Building Sylvania, OH 43560 $8,724,500 CAD ($88.38 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Cross Access Parking and Access Easements
  • ALEXIS ROAD - 22,585 Cars Per Day
  • 0.25 Miles from US 23
  • MONROE STREET - 18,438 Cars Per Day

EXECUTIVE SUMMARY

For Sale - New to Market; 30+ Years with the Same Ownership with Immediate Upside Potential! This 33,600 SF Vacancy. Redevelop for Approximately 2.25 Acres at Signalized Intersection, or Lease Vacancy in Existing Condition. Recapture Seven Existing Tenants' NNN Contributions to Reflect Current NNN Rates within the Center. Approximately $100,000 Worth of Electrical Upgrades to the Former Rite Aid, to a 600 AMP 480/277 volt, 3 Phase Panel and a 400 AMP 120/208 Volt 3 Phase Panel. Long Term Tenants in Place and Strong Rent Roll. 0.50 Acre Value Add Out Lot, with Ample Parking, two Signalized Intersections; Major Intersection of Monroe Street & Alexis Road and Two Pylon Signs.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
98,711 SF
Building Class
C
Year Built/Renovated
1961/1985
Price
$8,724,500 CAD
Price Per SF
$88.38 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.23
Lot Size
9.97 AC
Zoning
B-4 - Special Business District
Parking
528 Spaces (5.35 Spaces per 1,000 SF Leased)
Frontage
156’ on Monroe St

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 5890
  • 33,600 SF
  • Retail
  • -
  • Now

33,600 square foot and +/- 2.25 acres of redevelopment opportunity for this previous Rite Aid retail space, both for lease or for sale. High traffic area at the major intersection of Monroe Street & Alexis Road in Sylvania, Ohio with two signalized entrances, ample parking, two pylon signs, and recent electrical upgrades; Including 600 AMP 480/277 Volt 3 Phase Panel, and a 400 AMP 120/208 Volt 3 Phase Panel.

Space Size Space Use Position Available
5890 33,600 SF Retail - Now

5890

Size
33,600 SF
Space Use
Retail
Position
-
Available
Now

5890

Size 33,600 SF
Space Use Retail
Position -
Available Now

33,600 square foot and +/- 2.25 acres of redevelopment opportunity for this previous Rite Aid retail space, both for lease or for sale. High traffic area at the major intersection of Monroe Street & Alexis Road in Sylvania, Ohio with two signalized entrances, ample parking, two pylon signs, and recent electrical upgrades; Including 600 AMP 480/277 Volt 3 Phase Panel, and a 400 AMP 120/208 Volt 3 Phase Panel.

NEARBY MAJOR RETAILERS

Charles Schwab
Chase
Fifth Third Bank
Roosters
Tim Hortons
Kroger
Starbucks
WesBanco
Fricker's
Goldfish Swim School

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
82-04454
Land Assessment
$147,414 CAD
Improvements Assessment
$1,086,371 CAD
Total Assessment
$1,233,785 CAD
  • Listing ID: 37861569

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 5834 Monroe St, Sylvania, OH 43560

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