1121 Reynolds RdToledo, OH 43615

Property Details for 1121 Reynolds Rd

Year built

1961

Lot size

0.72 AC

Property size (Sq ft)

9,600 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Retail space

APN

20-17251

APU

2017251

Description

This 9,536 square foot freestanding commercial building is ideally located at 1121 N Reynolds Rd in Toledo, Ohio, within the Reynolds Corners area. The property features a single-tenant occupancy and offers excellent visibility from N. Reynolds Rd, thanks to floor-to-ceiling windows and prominent pylon signage. Convenient customer parking is ensured by two curb cuts along N. Reynolds Rd, while separate rear access points facilitate efficient truck deliveries. The building is fully protected by a metal awning, shielding customers from inclement weather. A significant upgrade was completed in 2019, with the installation of a durable rubber EPDM roofing system. This property presents a fantastic opportunity for a retailer seeking a high-visibility location with ample parking and convenient access for both customers and deliveries. Situated in Lucas County, Ohio, with a zip code of 43615, this retail space provides a strong foundation for business growth. The building's design and features are optimized for retail operations, offering a compelling combination of functionality and visual appeal. The single-tenant setup provides a streamlined and efficient operational environment. This well-maintained property is ready for immediate occupancy and represents a valuable asset in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,415,804

  6.5%

  $2,229,973

  7%

  $2,070,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,262,920

  Geo Method

  $2,262,920

• Alternative Use

  Use

  Valuation

  Residential

  $1,881,066

  Hospitality

  $1,723,046

  Educational

  $1,433,554

  Medical

  $1,482,856

  Retail

  $2,229,973

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6508

Longitude

-83.6652

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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