1256 Broadway StToledo, OH 43609

Property Details for 1256 Broadway St

Year built

1987

Lot size

0.72 AC

Property size (Sq ft)

11,860 SF

Zone code

10-CS

Property type

Retail properties

Property subtype

Strip malls

APN

02-21251

APU

221251

Description

Heritage South Plaza, located at 1256 Broadway Street in Toledo, Ohio (43609), presents a compelling retail investment opportunity. This single-story, 11,860 square foot strip center, built in 1987, sits on a 0.72-acre lot and offers ample parking with 36 spaces. Currently, there are multiple units available, ranging from a minimum of 1,419 square feet to a maximum contiguous space of 2,640 square feet. A total of 4,059 square feet is currently vacant, providing flexibility for various retail concepts. The property is zoned CS - Commercial Service and is conveniently located near Western Avenue in Toledo's South/Southwest submarket. The property's APN is 02-21251, and it's situated in Lucas County. This well-positioned center offers excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a thriving commercial area. The property's single-story design and ample parking provide convenience for both tenants and customers. This is a rare opportunity to secure retail space in a desirable Toledo location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,984,525

  6.5%

  $2,754,946

  7%

  $2,558,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,795,649

  Geo Method

  $2,795,649

• Alternative Use

  Use

  Valuation

  Residential

  $2,323,900

  Hospitality

  $2,128,680

  Educational

  $1,771,037

  Medical

  $1,831,945

  Retail

  $2,754,946

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6338

Longitude

-83.5528

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].