7117 Central AveToledo, OH 43617

  • Retail properties
  • 15,340 SF
For Lease
$12/SF/YR View listing

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
7117 Central Ave, Toledo, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,865
$192,850
$199,535
$392,385
-
$551,000
$570,100
$1,121,100

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