2915 Glendale AveToledo, OH 43614

Property Details for 2915 Glendale Ave

Year built

2003

Lot size

1.66 AC

Property size (Sq ft)

5,678 SF

Zone code

10-CRSO

Property type

Retail properties

Property subtype

Turn key restaurants

APN

18-87459

APU

1887459

Description

This exceptional 1.6-acre commercial land parcel presents a unique development opportunity in Toledo, Ohio. Located at 2915 Glendale Avenue, this property boasts 331 feet of frontage on Glendale Avenue, providing excellent visibility and accessibility. The site is situated in a high-traffic area, specifically an outlot of a Walmart Supercenter within a signalized shopping center entrance, ensuring significant foot and vehicle traffic. The property is zoned CR/Regional Commercial, allowing for a wide range of development possibilities. Demolition of an existing building is required, offering a clean slate for new construction. Market analysis indicates a strong demographic profile in the surrounding area, with 76,289 people residing within a 3-mile radius and a median household income of $53,878. This combination of high visibility, convenient location, favorable zoning, and a robust local market makes this property an attractive investment for developers seeking a prime location in Toledo, Lucas County, Ohio (zip code 43614). The asking price for this exceptional opportunity is $495,000. This is a chance to capitalize on a high-demand area and create a thriving commercial venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,428,848

  6.5%

  $1,318,936

  7%

  $1,224,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,338,423

  Geo Method

  $1,338,423

• Alternative Use

  Use

  Valuation

  Residential

  $1,112,572

  Hospitality

  $1,019,110

  Educational

  $847,888

  Medical

  $877,048

  Retail

  $1,318,936

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6118

Longitude

-83.6133

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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