2425 Key StToledo, OH 43614

Property Details for 2425 Key St

Year built

1970

Lot size

0.35 AC

Property size (Sq ft)

4,026 SF

Zone code

10-CN

Property type

Retail properties

Property subtype

Retail space

APN

20-02569

APU

2002569

Description

This exceptional turnkey business opportunity presents a fully renovated former In & Out Mart convenient store located at 2425 Key Street, Toledo, OH. Situated on a 0.44-acre lot, this property boasts a rich history, having operated as a successful convenience store since 1970. The recent comprehensive renovation has resulted in an impressive and modern aesthetic, ready for immediate operation. A significant inventory is included in the sale, minimizing the start-up costs for the new owner. The property benefits from a prime location in the near Maumee, Ohio area, ensuring high visibility and convenient access for customers. Importantly, the sale includes valuable C1, C2, and C6 liquor permits, allowing for Sunday sales, a significant advantage in the competitive convenience store market. This presents a rare opportunity to acquire an established, updated business with a proven track record and the potential for immediate profitability. The asking price is $199,000. This is a fantastic opportunity for an experienced entrepreneur looking to acquire a well-established and profitable business with a strong foundation for future growth. The property is ready for a new owner to step in and continue the legacy of success. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,013,128

  6.5%

  $935,195

  7%

  $868,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $949,012

  Geo Method

  $949,012

• Alternative Use

  Use

  Valuation

  Residential

  $788,872

  Hospitality

  $722,602

  Educational

  $601,197

  Medical

  $621,873

  Retail

  $935,195

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.5958

Longitude

-83.6454

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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