633 Reynolds RdToledo, OH 43615

Property Details for 633 Reynolds Rd

Lot size

1.55 AC

Zone code

10-CR

Property type

Retail properties

Property subtype

Other automotive properties

APN

03-50311

APU

350311

Description

This exceptional turnkey opportunity presents the chance to acquire a thriving, newly constructed (2023) car wash facility in Toledo, Ohio. Located on a 1.58-acre lot on South Reynolds Road, a high-traffic area with over 28,000 vehicles daily, this 4,983 square foot facility boasts 28 vacuum stations and state-of-the-art equipment. The property's prime location serves a dense population: approximately 30,000 residents within a 2-mile radius and 179,000 within 5 miles. This owner-user opportunity includes both the business and the underlying real estate, eliminating the complexities of zoning, building, and site planning. The property offers significant tax advantages through bonus depreciation. Toledo's robust economy, driven by manufacturing, healthcare, and logistics, further enhances this investment's potential. This is a rare chance to acquire a profitable, established business with significant growth potential in a thriving market. The property's APN is 03-50311. The asking price is $6,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $16,957,688

  6.5%

  $15,653,250

  7%

  $14,535,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,884,518

  Geo Method

  $15,884,518

• Alternative Use

  Use

  Valuation

  Residential

  $13,204,102

  Hospitality

  $12,094,886

  Educational

  $10,062,803

  Medical

  $10,408,879

  Retail

  $15,653,250

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6281

Longitude

-83.6639

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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