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5834 Monroe St
Sylvania, OH 43560
Sylvania Marketplace · Retail Property For Sale
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
$8,682,500 CAD
Price Per SF
$87.96 CAD
Percent Leased
100%
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
Property Taxes
| Parcel Number | 82-04454 | Improvements Assessment | $1,065,991 CAD |
| Land Assessment | $144,649 CAD | Total Assessment | $1,210,640 CAD |
Property Taxes
Parcel Number
82-04454
Land Assessment
$144,649 CAD
Improvements Assessment
$1,065,991 CAD
Total Assessment
$1,210,640 CAD
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