Fostoria Plaza Auction Begins November 4th, 2019

According to Loopnet.com all 3 buildings at the Fostoria Plaza are set to go to auction on November 4th, 2019. The listing agent is Josh Miller with Friedman Communities.

 

Fostoria Plaza is ±163,241 SF shopping center located in Fostoria, OH. Constructed in 1972, the property is comprised of two (2) single-story inline shopping center buildings, one (1) single tenant former Kmart big box building, and approximately eight (±8) acres of vacant land for new development. In total, the entire property is made up of eighteen (18) retail units ranging in size from 900 to 52,571 SF. There is a total of twelve (12) units available for lease totaling ±148,259 RSF. Currently 9% occupied, six (6) units are occupied by established national, regional, and local companies, such as Rent-A-Center, Advance America, and Fiesta Salons.

The ±24.3 acre site offers ample parking, with ±900 parking spaces at a ratio of ±5.51 spaces per 1,000 RSF. The property is positioned with approximately 1,800 feet of frontage on the north side of Plaza Drive, 700 feet of frontage on the west side of US-23 in downtown Fostoria, OH.

Fostoria is located at the convergence of Hancock, Seneca, and Wood counties in northwest Ohio. It is approximately 40 miles (64 km) south of Toledo and 90 miles (140 km) north of Columbus.

Established in 1854, Fostoria is best known for its famous glass production years and for its abundant rail traffic and business that continues today. Today, the Fostoria Rail Preservation Society is still very active in Fostoria, as well as the Fostoria Glass Heritage Gallery and Association.