7117 Central AveToledo, OH 43617
- Retail properties
- 15,340 SF
Property Details for 7117 Central Ave
- Year built
- 1999
- Lot size
- 2.05 AC
- Property size (Sq ft)
- 15,340 SF
- Zone code
- 20-C2
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 79-20171
- APU
- 7920171
Description
This well-maintained 15,124 square foot strip center in Lucas County offers a 2,850 square foot retail space for lease. The property boasts a strong tenant mix, including Panera Bread, State Farm Insurance, Edward Jones, The Exercise Coach, Vine 2 Wine, and Lynette D. Jones Esthetics. The available space is ideal for a variety of uses, such as a spa, hair salon, yoga studio, or physical therapy clinic. Its large, open layout offers flexibility for various configurations. Located on West Central Avenue, just west of McCord Road, this highly visible location benefits from significant daily traffic of 31,000 vehicles. Its strategic position across from Lowe's and Meijer ensures excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with an average household income of $121,499 and a population of 7,353 within a one-mile radius. The proximity to the St. James Woods residential neighborhood further enhances the property's appeal. This is a rare opportunity to secure a retail space in a thriving commercial corridor with exceptional visibility and strong tenant occupancy. The property is part of a multiple-tenancy building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,860,254
- 6.5%
- $3,563,311
- 7%
- $3,308,789
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,615,957
- Geo Method
- $3,615,957
-
Alternative Use
- Use
- Valuation
- Residential
- $3,005,786
- Hospitality
- $2,753,284
- Educational
- $2,290,700
- Medical
- $2,369,481
- Retail
- $3,563,311
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.673
- Longitude
- -83.7133
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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