Listed by SVN Ascension Commercial Realty
$299,000
5532 Douglas Rd
Details
APN 2326014
Property Type Mixed Use
Sub Type Residence, Retail
Square Footage 3,588
Units 2
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 5
Price per SqFt $83
Class C
Year Built 1965
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.150
Zoning 10-RD6, Duplex Residence with Retail Structure Land Use and Daycare/Preschool Special Use Permits
Parking Spaces 12 spaces
Parking per 1,000 SqFt 3.34
Investment Type Stabilized
Lease Commencement 03/13/2026
3,588 SF fully leased mixed use building for sale
Marketing description
3,588 SF, fully leased, mixed use building available for sale. Zoned Duplex Residence with Special Use Permits, allowing for numerous commercial uses. Building contains 2 units, first floor commercial unit and second floor apartment. Current tenants include Milestones Development Center Daycare and owners of Milestones Development Center. Situated just 1/4 mile south of Alexis Rd., a heavily trafficked main Toledo thoroughfare.
Investment highlights
- Excellent visibility and accessibility with extended curb cut along Douglas Rd.
- 12 parking spots, 6 in front lot, 6 in back, plus a garage
- Recent updates include: New flooring, newer flat roof, HVAC system, and water heater
- Landlord Responsibilities: Roof, parking lot, structure, HVAC repairs/replacement over $750 per service
- Tenant Responsibilities: Interior repairs, snow plowing, landscaping, utilities, and HVAC repairs/replacement up to $750 per service
- VPD's: Douglas Rd- 11,133 (25), W Alexis Rd- 24,014 (25)
Listing Contacts
Listed by SVN Ascension Commercial Realty
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