1855 Reynolds RdToledo, OH 43614

Property Details for 1855 Reynolds Rd

Year built

1984

Lot size

1.02 AC

Property size (Sq ft)

35,676 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

20-90807

APU

2090807

Description

This exceptional single-tenant retail property, located at 1855 S Reynolds Rd in Toledo, Ohio, offers 35,676 total square feet on a 3.03-acre lot. Currently, 4,077 square feet is available for lease. Built in 1984 and renovated in 2016, the property boasts a single story design with ample parking for 150 vehicles. The building features 120/208 power, making it suitable for a variety of retail businesses. Its convenient location near Glendale, within Lucas County, benefits from high visibility and accessibility. The property is zoned for commercial regional use, ensuring flexibility for potential tenants. This prime retail space presents a unique opportunity for businesses seeking a well-maintained, spacious location in a thriving area of Toledo. The property's significant size and ample parking make it ideal for businesses requiring substantial space and convenient customer access. The recent renovation ensures modern amenities and a well-maintained building. Interested parties should inquire about lease terms and availability. The property's location near Glendale and its commercial regional zoning provide excellent potential for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $8,977,732

  6.5%

  $8,287,138

  7%

  $7,695,199

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,409,575

  Geo Method

  $8,409,575

• Alternative Use

  Use

  Valuation

  Residential

  $6,990,510

  Hospitality

  $6,403,270

  Educational

  $5,327,446

  Medical

  $5,510,664

  Retail

  $8,287,138

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.606

Longitude

-83.6639

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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