1515 Byrne RdToledo, OH 43614

Property Details for 1515 Byrne Rd

Year built

1988

Lot size

4.45 AC

Property size (Sq ft)

39,578 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

05-60701

APU

560701

Description

This exceptional 1,400 square foot retail space is available for lease within the 39,578 square foot Foundation Park Plaza, a well-established neighborhood shopping center in South Toledo. Located at the highly visible, signalized intersection of Byrne and Glendale Avenues, this property boasts excellent signage opportunities and high traffic counts. S. Byrne Road sees 19,756 vehicles per day, and Glendale Avenue sees 17,416. The center features a strong tenant mix including popular businesses such as Biggby Coffee, Little Caesar's, and a variety of other service and retail establishments. The building itself is a single-story, Class B structure built in 1988, offering 197 parking spaces and two convenient curb cuts for easy access. Recent improvements include new awnings and fresh exterior paint, enhancing the overall appeal. The property sits on a 4.45-acre lot and is zoned 10CR-Regional Commercial. The space is part of a 14-suite building with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 1,400 square feet. The Lucas County location provides easy access to major retail and shopping areas in South Toledo. This is a fantastic opportunity for a business seeking high visibility and a strong location within a thriving retail center. The property's APN is 0560701.

• CAP approach

  CAP return

  Valuation

  6%

  $9,959,656

  6.5%

  $9,193,529

  7%

  $8,536,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,329,358

  Geo Method

  $9,329,358

• Alternative Use

  Use

  Valuation

  Residential

  $7,755,086

  Hospitality

  $7,103,616

  Educational

  $5,910,126

  Medical

  $6,113,384

  Retail

  $9,193,529

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6116

Longitude

-83.6248

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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