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219-223 Aukerman St
Eaton, OH 45320

Marsh Grocery Anchored Retail Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
47,000 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.32
Lot Size
3.37 AC
Parking
200 Spaces (7.23 Spaces per 1,000 SF Leased)

About 219-223 Aukerman St , Eaton, OH 45320

The subject property is a 47,000-square foot shopping center anchored by Marsh Supermarkets and Anytime Fitness. The property features multiple points of ingress egress and sits in between two city blocks. It' s well positioned with the Eaton, Ohio, submarket and sits as the grocery location closest to the downtown central business district. Marsh has been a tenant in the retail location for over 30 years and recently had and extensive remodel showing the strength and profitability of the site. The center is stabilized, but there is a vacant suite within the center that could provide immediate upside for an incoming investor. Both tenants operate 24 hour locations, demonstrating strength of location within the city. The subject property has a very sustainable rent structure for an incoming investor as both tenants are paying below market rents. The strong historical occupancy of Marsh shows this site is a profitable location and is well established within the marketplace. An incoming investor has stability with a necessity based retailer with a recently updated center in a growing community.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M40-0006-0-5-70-100-1001
Land Assessment
$105,911
Improvements Assessment
$832,752
Total Assessment
$938,662
  • Listing ID: 5263542

  • Date on Market: 2016-12-23

  • Last Updated:

  • Address: 219-223 Aukerman St, Eaton, OH 45320

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