930 Alexis RdToledo, OH 43612

Property Details for 930 Alexis Rd

Year built

1994

Lot size

0.68 AC

Property size (Sq ft)

3,072 SF

Zone code

10-CRSO

Property type

Retail properties

Property subtype

Drive through restaurants

APN

23-30003

APU

2330003

Description

This exceptional retail property, located at 930 W Alexis Rd in Toledo, Ohio, presents a unique leasing opportunity. The single-story, 3,070 square foot building sits on a 0.67-acre lot within a larger 5.7-acre parcel, offering ample space and high visibility. Built in 1968 and renovated the same year, the property is zoned CR-SO and boasts a convenient location with easy access via Lewis Ave. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property features one suite within a single building, eliminating the complexities of multi-tenant management. The absence of elevators is consistent with the single-story design. The Lucas County location and 43612 zip code offer excellent access to a thriving consumer base. This property is ideal for a variety of retail uses, providing a substantial footprint for a business seeking significant space and high visibility in a well-established area. The property's APN is 23-30003. This is a rare opportunity to secure a prominent retail location in a desirable Toledo neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $773,057

  6.5%

  $713,591

  7%

  $662,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $724,134

  Geo Method

  $724,134

• Alternative Use

  Use

  Valuation

  Residential

  $601,941

  Hospitality

  $551,375

  Educational

  $458,737

  Medical

  $474,514

  Retail

  $713,591

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.722

Longitude

-83.5653

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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