2040 Ottawa River Rd Toledo, OH 43611

This 11,116 square foot retail shopping center presents a compelling investment opportunity in Toledo, Ohio. Located at 2040 Ottawa River Rd, 43611, this Class C, single-story building sits on a one-acre lot and boasts a strong tenant mix including Verizon Wireless, Marco's Pizza, and River Diner. The property currently enjoys 75% occupancy with three tenants and one vacant 6,000 square foot unit, offering significant value-add potential. The asking price is $1,250,000, translating to $112.45 per square foot. The Net Operating Income (NOI) is $34,814. Lease terms vary, with Verizon's lease expiring 10/31/2025 (with a 3-year option and 10% increase), Marco's Pizza's lease expiring 8/31/2026 (with two 5-year options and 2% annual increases), and River Diner's lease expiring 12/31/2027. The property benefits from high traffic counts (11,000+ vehicles daily) and strong demographics, with over 33,000 residents and 21,000 daytime employees within a three-mile radius. Average household income within one mile exceeds $64,000. The roof was replaced in 2021 and includes a transferable 20-year warranty. HVAC systems are relatively new or recently updated in Marco's Pizza and River Diner, and Verizon's HVAC was installed 4-5 years ago. Seller financing is available at 75% Loan-to-Value (LTV). This property offers a blend of stable income and significant upside potential for a savvy investor.