130 Byrne RdToledo, OH 43607

Property Details for 130 Byrne Rd

Year built

1975

Lot size

1.02 AC

Property size (Sq ft)

1,614 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Other car washes

APN

20-04501

APU

2004501

Description

This exceptional 1,614 square foot retail property, located at 130 N. Byrne Road in Toledo, Ohio, presents a compelling investment opportunity. Built in 1975, this single-story building sits on a 1.02-acre lot and boasts 14 parking spaces, a significant advantage in a high-traffic area. The property is zoned CR and features a 200-amp/120V power supply, along with a drive-through hand-wash bay, adding to its versatility. Its strategic location just off the busy Byrne Road and Hill Avenue intersection ensures high visibility and accessibility. The proximity to the University of Toledo Main Campus and UT/MCO further enhances its potential. This property offers significant developmental possibilities, making it an ideal choice for entrepreneurs and investors seeking a well-situated retail space with ample parking and unique features. The property's size and location make it suitable for a variety of retail uses, and its existing infrastructure provides a solid foundation for immediate occupancy or future development. The asking price is $125,000. The zip code is 43607.

• CAP approach

  CAP return

  Valuation

  6%

  $406,157

  6.5%

  $374,914

  7%

  $348,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $380,453

  Geo Method

  $380,453

• Alternative Use

  Use

  Valuation

  Residential

  $316,254

  Hospitality

  $289,687

  Educational

  $241,016

  Medical

  $249,305

  Retail

  $374,914

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6402

Longitude

-83.6253

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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