The Shoppes on Sylvania

2936 W Sylvania Ave, Toledo, OH 43613

  • For Sale $1,850,000
  • Property Type Retail - Strip
  • Property Size 28,100 SF
  • Lot Size 2.23 Acre
  • Building Class C
  • Year Built 1957
  • Date Updated Aug 18, 2025
Toledo, Ohio, is located in the northwest corner of the state along the western shore of Lake Erie. As the fourth-largest city in Ohio, it has a population of around 270,000. Known as the "Glass City" due to its historical significance in the glass manufacturing industry, Toledo became a major center for glass production with companies like Owens-Corning and Libbey Glass. The city’s history dates back to early Native American settlements, with European American settlers arriving in the early 19th century. During the War of 1812, Toledo's location along the Maumee River and Lake Erie made it a strategic area. By the late 19th and early 20th centuries, Toledo’s economy grew rapidly due to the glass industry, as well as automotive manufacturing, steel production, and agriculture. Today, Toledo's economy is diverse, with the manufacturing sector still playing a role, particularly through the presence of the Jeep brand and the Chrysler (now Stellantis) factory. The city also has thriving sectors in healthcare, education, and logistics. The University of Toledo, a large public research institution, contributes significantly to the local economy. Toledo is rich in culture, with prominent attractions like the Toledo Museum of Art, which boasts impressive collections of European and American art, as well as glassworks. The Toledo Zoo, one of the oldest in the United States, and Maumee Bay State Park, with its recreational offerings, are also popular destinations. Sports are important to the city, with the Toledo Mud Hens, a Minor League Baseball team, and the University of Toledo Rockets' NCAA Division I teams. Though Toledo has faced challenges transitioning from its industrial past, it has seen significant revitalization efforts, especially in its downtown area, where urban renewal projects aim to attract new businesses and boost tourism. The city benefits from its transportation infrastructure, with major highways like I-75 and I-80/90 running through it, as well as access to Lake Erie for trade and travel. Today, Toledo continues to build on its industrial legacy while embracing new industries and cultural growth..
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Highlights

  • Attractive Return | Offering at $1,850,000 with a 9.01% Cap Rate and $166,764 NOI, providing stable cash flow from day one.
  • Ease of Access & Visibility | Prominent frontage on a main commercial corridor, surrounded by dense residential neighborhoods and schools such as Notre Dame Academy and Horizon Science Academy.
  • Established Credit Tenants | AutoZone, Inc. – $17.5B+ revenue, largest U.S. auto parts retailer; Family Dollar (Dollar Tree, Inc. subsidiary) – $30.6B+ revenue, over 8,000 locations nationwide.
  • High Consumer Traffic | Family Dollar draws approximately 134,000 visits annually (Placer.ai), ensuring consistent foot traffic to the center.
  • Long-Term Tenancy | Two anchor tenants (AutoZone & Family Dollar) have occupied the center for over 20 years, demonstrating strong location stability.
  • Prime Toledo Retail Location | Situated along W. Sylvania Avenue with 19,000+ VPD and surrounded by strong national retailers including Kroger, Best Buy, Dollar Tree, and The Franklin Park Mall
  • Strong Demographics | Average household income of $71,917 within 5 miles and a population exceeding 213,000 in the same radius.

Contacts

broker

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    70/100 Very Walkable
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Toledo, OH
  • Neighborhood DeVeaux
  • Zip Code 43613
  • Market Toledo

Points of Interest

  • Shell

    0.43 miles

  • Kroger

    0.49 miles

  • Valero

    0.95 miles

  • BP

    0.99 miles

  • Speedway

    1.52 miles

  • Marathon

    1.58 miles

  • Tesla Supercharger

    8.31 miles

  • Parking Garage - P2

    1.58 miles

  • Parking Area - P1

    1.63 miles

  • Lot 17

    1.99 miles

  • Lot 1N

    2.11 miles

  • Lot 2

    2.13 miles

  • Lot 14

    2.16 miles

  • Lot 1S

    2.17 miles

  • Lot 13

    2.18 miles

  • Lot 3

    2.19 miles

  • Lot 11

    2.24 miles

  • Boston Market

    0.51 miles

  • KFC

    0.54 miles

  • El Camino Real

    0.54 miles

  • Vito's Pizza and Subs

    0.60 miles

  • Netty's Hot Dogs

    0.61 miles

  • Texas Roadhouse

    0.66 miles

  • Jersey Mike's Subs

    0.71 miles

  • Fusian

    0.72 miles

  • Cincy Crab

    0.73 miles

  • First Watch

    0.79 miles

  • Kroger

    0.50 miles

  • Cricket West Shopping Center

    0.98 miles

  • Westgate Meadows Shopping Center

    1.06 miles

  • Kohl's

    1.10 miles

  • The Fresh Market

    1.26 miles

  • JCPenney

    1.27 miles

  • Franklin Park Mall

    1.37 miles

  • Dillard's

    1.40 miles

  • Macy's

    1.46 miles

  • Big Lots

    1.53 miles

Frequently Asked Questions

How much does The Shoppes on Sylvania cost?

The space currently listed for sale at The Shoppes on Sylvania asks for $1,850,000.

What is the total square footage of The Shoppes on Sylvania?

The Shoppes on Sylvania totals 28,100 square feet.

When was this property built?

The Shoppes on Sylvania was built in 1957.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Encore Real Estate Investment Services

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