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    524 Main St Toledo, OH 43605

    Sponsored
    For Sale
    $139,000

    Turnkey Pizza Restaurant, High Traffic Area

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional commercial property, located at 524 Main Street, Unit 524, in the heart of downtown Toledo, Ohio, presents a unique investment opportunity. Currently configured as a pizza restaurant, this turnkey operation is being offered via online auction with a minimum bid of $139,000. The auction concludes Friday, February 14th at 1 PM. The property boasts a prime Main Street location within a high-traffic area, benefiting from a well-established local customer base. All existing equipment is included in the sale, providing a seamless transition for a new owner. This includes pizza ovens, walk-in coolers, and various fixtures. The building itself features a spacious dining area and a convenient carryout section. The property sits on a 0.11-acre lot and includes a large parking lot, a significant advantage in a busy downtown setting. Its zoning allows for a variety of commercial uses, opening doors to numerous possibilities beyond its current configuration. The property's proximity to the New Glass City Park, The Docks, and other waterfront businesses further enhances its appeal and potential for success. A buyer's premium of 10% applies. An open house is scheduled for February 8th from noon to 2 PM, offering a chance to view this promising property firsthand.

    Property Features for 524 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1956
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.51975
    Latitude
    41.64472

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Pizza Restaurant, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 524 Main St Toledo, OH.
    What is the asking price?
    The asking price for this property is $139,000.
    (419) 887-9006
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    524 Main St Toledo, OH 43605
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    Toledo, OH 43605
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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
    524 Main St Toledo, OH 43605
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