1207 Reynolds RdToledo, OH 43615

Property Details for 1207 Reynolds Rd

Year built

1961

Lot size

6.85 AC

Property size (Sq ft)

87,524 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

20-17237

APU

2017237

Description

This thriving Toledo business, established in 2004, presents a unique investment opportunity. Located at the entrance of Super Fitness Gym on Reynolds Road, the City Tan & Nutrition Center enjoys high visibility and foot traffic. The business model centers around a popular smoothie bar offering nutritious energy drinks made to order, complemented by casual seating. A wide selection of healthy protein products, energy bars, and snacks further enhances revenue streams. The center also boasts a profitable tanning salon featuring various tanning beds and products catering to all skin types. This turnkey operation includes all furniture, fixtures, tanning beds, and equipment, ensuring a smooth transition for the new owner. The 7.1-acre lot provides ample space and potential for future expansion. The business has a proven track record of success, making it an attractive proposition for entrepreneurs seeking a well-established and profitable venture. Serious inquiries only, showings are by appointment. Financial details are available upon request and a non-disclosure agreement. This is a rare opportunity to acquire a profitable and established business in a prime location. Don't miss out on this chance to own a successful and growing enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $22,025,088

  6.5%

  $20,330,850

  7%

  $18,878,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,631,228

  Geo Method

  $20,631,228

• Alternative Use

  Use

  Valuation

  Residential

  $17,149,834

  Hospitality

  $15,709,155

  Educational

  $13,069,833

  Medical

  $13,519,324

  Retail

  $20,330,850

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6516

Longitude

-83.6661

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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