2739 Central AveToledo, OH 43606

Property Details for 2739 Central Ave

Year built

1957

Lot size

2.47 AC

Property size (Sq ft)

31,900 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

09-08351

APU

908351

Description

This exceptional retail opportunity presents 8,500 square feet of vacant space within the established Kenwood Shopping Center in Toledo, Ohio. The center totals 31,900 square feet and features a mix of tenants, creating a vibrant neighborhood shopping destination. The property boasts a convenient location on Central Avenue, a major four-lane thoroughfare with a turning lane, providing excellent visibility and accessibility. Its strategic position is equidistant between the Westgate shopping area and Toledo Hospital, ensuring high foot traffic and a diverse customer base. The center is anchored by Food Town and benefits from Regional Commercial zoning, offering flexibility for a wide range of retail uses. The single-story, 31,900-square-foot building was constructed in 1965 and sits on a 2.47-acre lot. The property includes ample parking with 125+ spaces to accommodate customers and employees. Individual suites are a minimum of 700 square feet, with the potential to lease the entire 8,500 square feet of available space or a contiguous space up to the full 31,900 square feet. The property is classified as Class B and features a total of twelve suites. Its proximity to the I-475 interchange (one mile west) further enhances its accessibility and appeal. The Lucas County location, with APN 09-08351, offers a strong foundation for business growth in a well-established commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,027,516

  6.5%

  $7,410,015

  7%

  $6,880,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,519,494

  Geo Method

  $7,519,494

• Alternative Use

  Use

  Valuation

  Residential

  $6,250,625

  Hospitality

  $5,725,538

  Educational

  $4,763,581

  Medical

  $4,927,408

  Retail

  $7,410,015

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6769

Longitude

-83.6104

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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