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    531 Westwood Ave Toledo, OH 43607

    Sponsored
    For Sale
    $340,000

    High-traffic corner lot, established business

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 531 N Westwood Avenue Unit 531, Toledo, OH, presents a unique investment opportunity. Situated on a 0.42-acre lot at the highly visible corner of N. Westwood Avenue and Nebraska Avenue, this property benefits from significant daily traffic volume. The property is zoned for commercial and industrial use, providing flexibility for a variety of business ventures. Currently housing a battery exchange business that has operated successfully for the past 30 years, this presents a turnkey operation for an investor seeking an established, income-generating asset. The building's square footage is not currently specified, however, the substantial lot size and prime location offer significant potential for expansion or redevelopment. The property's proximity to the University of Toledo further enhances its appeal, providing access to a large and diverse population base. This is an ideal opportunity for an investor looking to acquire a well-established business with significant growth potential in a thriving urban area. The asking price for this exceptional property is $340,000. Serious inquiries are encouraged. Further details regarding the building's specifications and the existing business operations are available upon request.

    Property Features for 531 Westwood Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Battery Exchange Wholesaler

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.60693
    Latitude
    41.64508

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, established business
    Where is this commercial real estate located?
    The property is located at 531 Westwood Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $340,000.
    (419) 475-8383
    Request Owner's contact information
    531 Westwood Ave Toledo, OH 43607
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    Toledo, OH 43607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    531 Westwood Ave Toledo, OH 43607
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