1707 Cherry StToledo, OH 43608

Property Details for 1707 Cherry St

Year built

2001

Lot size

4.45 AC

Property size (Sq ft)

56,472 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

03-55065

APU

355065

Description

This exceptional 6,278 square foot retail space is ideally located at 1707 Cherry Street in Toledo, Ohio, 43608. Situated within the Seaway Marketplace, this single-tenant property boasts a high-traffic location, benefiting from the presence of a full-service grocery store and pharmacy attracting over 40,000 customers monthly. The space itself features recently finished walls (July 2024), providing a move-in ready condition for prospective tenants. Convenience is maximized with access to a shared rear loading dock and overhead door, streamlining operations and logistics. The property's strategic location offers excellent visibility and accessibility, further enhanced by its proximity to established businesses such as Popeyes and Mercy St. Vincent Hospital. This presents a unique opportunity for businesses seeking a thriving retail environment in a well-established commercial center. The property is currently available. The property type is retail, specifically a community center.

• CAP approach

  CAP return

  Valuation

  6%

  $14,210,968

  6.5%

  $13,117,817

  7%

  $12,180,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,311,625

  Geo Method

  $13,311,625

• Alternative Use

  Use

  Valuation

  Residential

  $11,065,369

  Hospitality

  $10,135,819

  Educational

  $8,432,882

  Medical

  $8,722,902

  Retail

  $13,117,817

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6647

Longitude

-83.5404

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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