847 Alexis RdToledo, OH 43612

Property Details for 847 Alexis Rd

Year built

1969

Lot size

0.64 AC

Property size (Sq ft)

2,992 SF

Zone code

10-CR

Property type

Turn key restaurants

APN

22-05371

APU

2205371

Description

This exceptional 0.63-acre parcel presents a unique investment opportunity. Currently housing a 2,992 square foot restaurant, this single-tenant property is an outparcel to a thriving Kroger and Target-anchored shopping center, North Towne Commons, and sits adjacent to Home Depot. Its strategic location at the signalized intersection of Lewis Avenue and Alexis Road (Highway 184) ensures high visibility and accessibility. Alexis Road serves as a major east-west commuter artery and retail corridor, boasting impressive daily traffic counts of 36,416 vehicles. The property benefits from proximity to numerous national retailers including Ollie's Bargain Outlet, Dollar Tree, Lowe's, McDonald's, Office Max, and more. Furthermore, its location less than 0.8 miles from GM's Toledo Propulsion Systems Manufacturing Facility, a major economic driver with over $1.9 billion in recent investments, guarantees a substantial and stable customer base. The surrounding area boasts a significant population of over 180,614 residents within a 6-mile radius, generating a total consumer spending of $1.9 billion. The property's proximity to I-75 further enhances its appeal. This is a rare chance to acquire a well-positioned QSR property in a high-growth area with exceptional visibility and strong demographics. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $752,926

  6.5%

  $695,008

  7%

  $645,365

• Comparable approach

  Method

  Valuation

  Relative Method

  $705,277

  Geo Method

  $705,277

• Alternative Use

  Use

  Valuation

  Residential

  $586,266

  Hospitality

  $537,016

  Educational

  $446,791

  Medical

  $462,157

  Retail

  $695,008

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.7212

Longitude

-83.5648

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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