500 Commerce Park Blvd

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500 Commerce Park Blvd

northwood, OH 43619
Asking Price
$1.25M
Asset Type
Retail
Class
Class B

What's Special

500 Commerce Park Blvd is situated in Northwood, Ohio, within a mixed-use commercial district characterized by a blend of retail hubs and light industrial facilities. The property occupies a prominent corner lot near the intersection of Woodville Road and Lemoyne Road, providing direct visibility to local traffic. The site is located less than three miles from the I-75 and I-280 interchange, facilitating regional access across the Toledo metropolitan area. Established service businesses, local dining options, and suburban residential neighborhoods are located within a five-minute drive of the premises. The asset is suitable for high-traffic retail operations, service-oriented businesses, or community-focused commercial tenants. The building features an open floor plan and significant frontage, making it an ideal location for a regional showroom, specialized medical clinic, or neighborhood pharmacy. Typical tenant profiles for this corridor include national value retailers, automotive service providers, and discount franchises seeking a balance of suburban density and highway connectivity. The property’s flexible footprint supports single-tenant occupancy or a multi-unit configuration to serve the local Northwood and Oregon communities.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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