7117 Central AveToledo, OH 43617

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

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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