Commercial Investment Opportunity
Price
$3,300,000
Woodland Town Shopping Center, Bowling Green, OH
Price: $3,300,000 (270,000 SF at 54% Occupancy)
Overview:
Woodland Town Center, a 270,000 SF shopping center, is now available at a dramatically reduced price. This property represents a unique repositioning opportunity in the thriving city of Bowling Green, Ohio. After 16 years of ownership, the family has decided to sell, presenting an exceptional chance for redevelopment or transformation into a high-performing asset.
Property Financials: https://drive.google.com/drive/mobile/folders/1MvdrLT-hNfxxAm_i-OFQuAR79_sC7V83
Seller Background:
The center was owned and managed for 16 years by the late 98-year-old grandfather, who passed away recently.
Following the bankruptcy and liquidation of two major anchors (100,000 SF), the family has decided to sell, taking a significant “hit” with a reduced asking price of $3,300,000 ($14 PSF) at 54% occupancy.
The mall requires new ownership, management, and vision to reach its full potential.
Despite challenges, the property continues to achieve break-even or positive cash flow.
Property Highlights:
Current Occupancy: 54%
Cash Flow: Minor positive cash flow (~$200,000 annually).
Strategic Location:
Within Bowling Green, a 5-minute drive from Bowling Green State University (25,000 students).
Located in a strong commercial and retail corridor with a history of high occupancy.
Part of the Greater Toledo area (population: 511,000); Bowling Green population: 50,000.
Development Potential:
This property offers numerous opportunities for redevelopment or repositioning, such as:
Residential housing (apartments or condos)
Hotel or hospitality projects
Warehousing or industrial spaces
Medical facilities
Sports complexes or entertainment venues
Revitalized retail or mixed-use development
Area Developments Driving Growth:
Bowling Green is experiencing a period of significant economic transformation with several major projects, including:
Abbott Labs: Opening a 550,000 SF manufacturing facility (450 new employees).
FedEx: New 250,000 SF distribution facility (250 employees).
NuProduce: Food processing plant (200 workers).
Marelli Global: Automotive manufacturing plant (100 employees).
Key Features:
Option to deliver the property vacant or with existing tenants (leases not renewed).
Strategic proximity to major developments, infrastructure, and a robust residential market.
Current positive cash flow with immense value-add potential for new ownership.
Investment Opportunity:
Originally purchased for $10M, Woodland Town Center is now offered at $3,300,000, providing a substantial discount and value-add opportunity for visionary investors or developers. The local government is cooperative and supportive of redevelopment initiatives, creating an ideal environment for a fresh start.
Contact Information:
Please submit all offers directly to:investments@promiselandrealtyllc.com
TEAM PROMISELAND DISCLAIMER:No one is permitted to market this property list without express written permission or membership in TEAM PROMISELAND affiliates.
For additional details or to receive the Offering Memorandum, please reply to this email.
Property Map
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PROMISE LAND REALTY, LLC
Work: 248- 416-2574
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top
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