|Price/Rent PSF||$ 2,200,000.00|
|SQ. FT. Available||34,475|
The area around the property has strong population density with solid median income levels. There are over 1,238 apartment units within 1.5 miles of the center and it is across the Linden Lane from a high traffic public library (328,000 + visitors per year). The daily traffic count on Dorr Street is 19,963 vehicles. This number will surely increase with the recently announced addition of an interchange at Dorr Street and US 23/I 475 to the west of the subject site.
Library Plaza offers investors the opportunity to own a beautifully maintained, successful retail strip center in an excellent location that is only going to get better with the recently announced interchange to be constructed west of the property at Dorr Street and I-475/US 23. This will result in Dorr Street becoming a major connector road to the interstate system and driving additional traffic to and from the University of Toledo, Ottawa Hills, the central city and the fast-growing western and southern suburbs. The added traffic should further improve Library Plaza’s ability to attract quality tenants and improve occupancy.