8239 Waterville Swanton RdWaterville, OH 43566

Property Details for 8239 Waterville Swanton Rd

Year built

2014

Lot size

3.77 AC

Property size (Sq ft)

14,540 SF

Zone code

39-C1

Property type

Retail properties

Property subtype

Retail space

APN

96-00122

APU

9600122

Description

This 14,673-square-foot free-standing retail building, built in 2014, is situated on a 3.76-acre lot in Lucas County, Ohio. Located at 8239 Waterville-Swanton Road (Michigan Ave & Waterville Monclova Rd), this single-tenant property offers exceptional visibility and accessibility. Previously occupied by Rite Aid, it features a drive-thru and a prominent pylon sign. The property benefits from high daily traffic counts: 3,900 vehicles per day (VPD) on Waterville Monclova Road, 7,000 VPD on Waterville Swanton Road (also known as Michigan Avenue), and 24,000 VPD on nearby US Highway 24. Its location at a signalized intersection ensures high exposure. The surrounding area boasts a strong tenant mix, including a Kroger-anchored center, Key Bank, the YMCA, Edward Jones Investments, and Dollar General, indicating a thriving retail environment. The property's proximity to a mix of residential areas further enhances its appeal. This location presents a compelling opportunity for redevelopment or leasing in a prime retail area with easy access to major commuter routes and established businesses. The property is zoned for commercial use and has a Lucas County APN of 96-00122. The building is one story and includes one parking space. This is a truly exceptional opportunity for investors seeking a high-visibility retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,658,937

  6.5%

  $3,377,480

  7%

  $3,136,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,427,380

  Geo Method

  $3,427,380

• Alternative Use

  Use

  Valuation

  Residential

  $2,849,031

  Hospitality

  $2,609,697

  Educational

  $2,171,237

  Medical

  $2,245,910

  Retail

  $3,377,480

Location Insight

City

Waterville

County

Lucas

State

Ohio

Latitude

41.5036

Longitude

-83.7392

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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