3808 Secor RdToledo, OH 43623

Property Details for 3808 Secor Rd

Year built

1985

Lot size

1.01 AC

Property size (Sq ft)

3,179 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Drive through restaurants

APN

22-88405

APU

2288405

Description

This exceptional 3,114 square foot quick-service restaurant building presents a compelling investment or lease opportunity in Toledo, Ohio. Situated on a 1.02-acre lot at 3808 Secor Road, this single-story, 1985-built property boasts a convenient drive-thru and ample parking for 50 vehicles. The property benefits from its location as an outlot to a high-performing Kroger grocery store, ensuring consistent customer traffic. Secor Road sees over 32,000 vehicles per day, providing excellent visibility and accessibility. A highway pylon sign further enhances marketing potential. The property is zoned for Regional Commercial use and features a prime location near other major retailers, including Costco, Home Depot, Best Buy, and Fresh Market, creating a strong retail synergy. The building's 3,114 square feet of net rentable space offers significant potential for a variety of quick-service restaurant concepts. This property is available for sale or lease and represents a rare opportunity to acquire a well-located, established commercial property in a thriving retail corridor. The Lucas County location and easy freeway access add to its appeal. Property APN is 2288405.

• CAP approach

  CAP return

  Valuation

  6%

  $799,984

  6.5%

  $738,446

  7%

  $685,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,356

  Geo Method

  $749,356

• Alternative Use

  Use

  Valuation

  Residential

  $622,907

  Hospitality

  $570,580

  Educational

  $474,715

  Medical

  $491,042

  Retail

  $738,446

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6882

Longitude

-83.6224

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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