2802 Curtice RdNorthwood, OH 43619

Property Details for 2802 Curtice Rd

Year built

1999

Lot size

1.98 AC

Property size (Sq ft)

23,500 SF

Property type

Retail properties

Property subtype

Retail space

APN

M50-812-2804-01-003.000

APU

M50812280401003000

Description

This exceptional 23,500-square-foot freestanding retail building presents a remarkable investment opportunity in Northwood, Ohio, a suburb of Toledo. Ideally situated on a 1.98-acre lot, this single-tenant, vacant property offers significant redevelopment potential for retail, office, or medical uses. Built in 1999, the building boasts a brand-new EPDM roof installed in March 2023, complete with a 20-year transferable warranty. The property features 74 surface parking spaces, two 8'x10' exterior truck docks, and two pylon sign locations. Its strategic location provides excellent accessibility, with frontage on Curtice Road (1,335 feet with two curb cuts and 3,236 vehicles per day) and Woodville Road (487 feet of frontage and 12,013 vehicles per day). Quick access to I-280 is another key advantage. The property benefits from a shadow anchor to Meijer and is surrounded by a vibrant mix of established retailers including Advance Auto Parts, Gino's Pizza, McDonald's, Applebee's, Fifth Third Bank, Dollar Tree, Menard's, Taco Bell, and Arby's. The property is available for sale or lease (NNN lease terms available). This prime location, coupled with its substantial size and recent improvements, makes this an attractive proposition for discerning investors seeking a high-return venture in a thriving retail corridor. The City of Northwood is located in Wood County, Ohio, and is approximately 31 minutes from Toledo Express Airport. An additional 0.97-acre outlot on Woodville Road is also available.

• CAP approach

  CAP return

  Valuation

  6%

  $5,913,688

  6.5%

  $5,458,788

  7%

  $5,068,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,539,439

  Geo Method

  $5,539,439

• Alternative Use

  Use

  Valuation

  Residential

  $4,604,692

  Hospitality

  $4,217,874

  Educational

  $3,509,221

  Medical

  $3,629,908

  Retail

  $5,458,788

Location Insight

City

Northwood

County

Wood

State

Ohio

Latitude

41.6166

Longitude

-83.4846

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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