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

Strip malls

Property subtype

Neighborhood centers

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%

  $17,003,000

  6.5%

  $15,695,100

  7%

  $14,574,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,514,480

  Geo Method

  $8,514,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $30,451,000

  Mixed-Use / Specialty

  $15,702,200

  Hospitality / Lodging

  $11,602,300

  Office

  $15,674,600

  Institutional / Educational

  $16,346,500

  Residential Income

  $19,125,400

  Multifamily

  $22,588,500

  Automotive / Energy

  $14,011,300

  Parking / Income-Based Land

  $4,772,840

  Restaurant / Food Service

  $8,301,380

  Healthcare / Senior Housing

  $16,037,700

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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