129 Euclid AveToledo, OH 43605

Property Details for 129 Euclid Ave

Year built

1929

Lot size

0.07 AC

Property size (Sq ft)

2,226 SF

Zone code

10-CS

Property type

Retail properties

Property subtype

Retail space

APN

17-02791

APU

1702791

Description

This exceptional turnkey restaurant opportunity is located at 129 Euclid Ave, Toledo, Ohio, 43605. Priced at $249,500, this property presents a unique chance to acquire a fully operational establishment in a newly constructed building, updated in 2023. The property is classified as retail, specifically a restaurant, and comes complete with a full liquor license, eliminating a significant hurdle for new owners. The building's recent renovation ensures modern amenities and a fresh aesthetic, ready for immediate operation. Situated in Lucas County, Ohio, the property benefits from a convenient location in Toledo. The precise latitude and longitude coordinates are 41.6474391, -83.5234495. This is an ideal investment for experienced restaurateurs looking for a seamless transition into a thriving business or for entrepreneurs seeking to establish their culinary vision in a prime location. The property's turnkey nature minimizes start-up costs and allows for immediate revenue generation. All necessary equipment and infrastructure are in place, allowing for a swift and efficient commencement of operations. This represents a rare opportunity to acquire a fully licensed and equipped restaurant in a desirable location with minimal upfront investment in renovations or licensing. The property's recent updates ensure a modern and appealing space for customers.

• CAP approach

  CAP return

  Valuation

  6%

  $560,165

  6.5%

  $517,075

  7%

  $480,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $524,714

  Geo Method

  $524,714

• Alternative Use

  Use

  Valuation

  Residential

  $436,172

  Hospitality

  $399,531

  Educational

  $332,405

  Medical

  $343,837

  Retail

  $517,075

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6475

Longitude

-83.5234

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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