4425 Heatherdowns BlvdToledo, OH 43614

Property Details for 4425 Heatherdowns Blvd

Year built

1997

Lot size

0.72 AC

Property size (Sq ft)

2,745 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Other car washes

APN

21-00711

APU

2100711

Description

This exceptional investment opportunity presents a well-established car wash located at 4425 Heatherdowns Blvd, Toledo, Ohio 43614. The property, built in 1997, boasts a single-story building encompassing 2,745 square feet on a 0.72-acre lot. The asking price is $500,000, translating to $182.15 per square foot. The car wash features five manual bays and one touchless bay, catering to a diverse clientele. Its prime location on Heatherdowns Blvd ensures high visibility and significant traffic exposure, with an estimated 16,000 vehicles passing daily. The property includes five loading docks and a ceiling height of 12 feet, providing ample operational space and functionality. The Lucas County location and the property's established history make this a compelling acquisition for investors seeking a proven, high-traffic commercial venture. The property's APN is 2100711. This turnkey operation offers immediate income potential and a strong foundation for future growth within a thriving market. The property's single-tenancy structure simplifies management and streamlines operations.

• CAP approach

  CAP return

  Valuation

  6%

  $690,769

  6.5%

  $637,633

  7%

  $592,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $647,054

  Geo Method

  $647,054

• Alternative Use

  Use

  Valuation

  Residential

  $537,867

  Hospitality

  $492,684

  Educational

  $409,907

  Medical

  $424,004

  Retail

  $637,633

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.5939

Longitude

-83.6467

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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